Brief: WeCommerce Signs Definitive Agreement To Acquire Stamped For Up To US$110 Mln

Tiny

05/03/2021 12:06

March 5 (Reuters) - WeCommerce Holdings Ltd  WE.V :
    * WECOMMERCE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE STAMPED
FOR UP
TO US$110 MILLION
    * WECOMMERCE HOLDINGS LTD - MAJORITY OF COMBINED BUSINESS'
REVENUE
EXPECTED TO BE RECURRING SUBSCRIPTION REVENUE
    * WECOMMERCE HOLDINGS LTD - $85 MILLION UPFRONT
CONSIDERATION,
COMPRISING $75 MILLION IN CASH , $10 MILLION IN COMMON SHARES OF
WECOMMERCE, IN DEAL
    * WECOMMERCE HOLDINGS LTD - UPFRONT CASH CONSIDERATION TO BE
FUNDED FROM CASH ON HAND AND NEW SENIOR SECURED CREDIT
FACILITY,IN DEAL

Source text for Eikon:  ID:nBw5hVb0sa 
Further company coverage:  WE.V 

 ((Reuters.Briefs@thomsonreuters.com;))