Brief: W5 Solutions Adjusts ArcQor Earn-Out Payment

W5 Solutions publ AB

13/12/2024 09:12

Dec 13 (Reuters) - W5 Solutions AB (publ)  W5.ST :
    * ADJUSTED EARN-OUT PAYMENT FOR ARCQOR AB
    * EARN-OUT WILL BE CALCULATED ON AGGREGATE SALES FROM
2024-2027
INSTEAD OF OPERATING PROFIT
    * DUE TO IMPENDING REORGANIZATION WITHIN W5 GROUP, SELLERS
OF
ARCQOR AB HAVE AGREED ON ADJUSTMENT OF CALCULATION OF EARN-OUT
    * ENTIRE PURCHASE PRICE WILL BE PAID IN NEWLY ISSUED SHARES
ISSUED
IN 2028 INSTEAD OF IN FOUR SEPARATE OCCASIONS FROM 2025-2028
    * MAXIMUM EARN-OUT IS LOWER THAN INITIALLY AGREED BY PARTIES

Source text:  ID:nMFN5pgxds 
Further company coverage:  W5.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))