Brief: Truecaller Acquires Callhero

Truecaller AB

13/01/2022 06:33

Jan 13 (Reuters) - Truecaller AB  TRUEb.ST :
    * TRUECALLER TO ACQUIRE CALLHERO TO STRENGTHEN ITS PRODUCT
IN THE
US MARKET
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE ISRAELI COMPANY
CALLHERO
    * AGREED PURCHASE PRICE AMOUNTS TO USD 4.5 MILLION, OF WHICH
USD
2.6 MILLION WILL BE PAID IN CASH UPON COMPLETION OF ACQUISITION
AND USD 1.9 MILLION THROUGH NEWLY ISSUED SHARES IN TRUECALLER
    * COMPLETION OF ACQUISITION IS SUBJECT TO CUSTOMARY CLOSING
CONDITIONS AND IS EXPECTED TO BE COMPLETED DURING Q1 OF 2022.
    * ACQUISITION WILL BE FINANCED THROUGH EXISTING CASH AND
NEWLY
ISSUED SHARES IN TRUECALLER AB.
    * ACQUISITION IS PRIMARILY A TECHNOLOGY AND COMPETENCE
ACQUISITION
AND IS NOT CONSIDERED TO HAVE A MATERIAL IMPACT ON RESULTS IN
2022.
    * IN ADDITION, A POTENTIAL ADDITIONAL PURCHASE PRICE OF A
MAXIMUM
OF USD 2 MILLION WILL BE PAID, PROVIDED THAT CERTAIN GOALS ARE
ACHIEVED FOR A PERIOD OF UP TO FOUR YEARS AFTER TRANSACTION IS
COMPLETED.

Source text for Eikon:  ID:nWkrbNTdfS 
Further company coverage:  TRUEb.ST 

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