Brief: VerticalScope Says Co's Units Entered Into Agreements To Acquire Hometalk, Fomopop, Inc. And Threadloom, Inc.

Verticalscope Holdings

09/11/2021 23:47

Nov 9 (Reuters) - VerticalScope Holdings Inc  FORA.TO :
    * CERTAIN OF ITS UNITS ENTERED INTO AGREEMENTS TO ACQUIRE
HOMETALK, FOMOPOP, INC. AND THREADLOOM, INC.
    * PURCHASE PRICE CONSIDERATION FOR HOMETALK AND STREAMABLE
COMBINED TOTALS $63.5 MILLION PAYABLE IN CASH
    * BOTH HOMETALK AND STREAMABLE ACQUISITIONS ARE EXPECTED TO
CLOSE
IMMINENTLY
    * VERTICALSCOPE HOLDINGS - CONSIDERATION PAYABLE ON CLOSING
FOR
THREADLOOM IS $15 MILLION IN NEWLY-ISSUED SUBORDINATED VOTING
SHARES OF VERTICALSCOPE
    * CONSIDERATION PAYABLE ON CLOSING FOR THREADLOOM IS $1
MILLION IN
CASH AS RETENTION CONSIDERATION

Source text for Eikon:  ID:nBw6VFsDba 
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