Brief: WPTG Buys 51% Stake In Onebrain, Resolves On Directed Share Issue

White Pearl Technology AB

05/12/2024 15:21

Dec 5 (Reuters) - White Pearl Technology Group AB
 WPTGb.ST :
    * WPTG ACQUIRES 51% STAKE IN INDIAN AI PIONEER ONEBRAIN AND
RESOLVES ON A DIRECTED SHARE ISSUE
    * TRANSACTION VALUE USD 300,000 PAID IN THREE TRANCHES
    * INITIAL CONSIDERATION SEK 1,100,000 PAID THROUGH 169,231
SHARES
    * ADDITIONAL TRANCHES OF USD 100,000 EACH IN 2025 AND 2026
    * WPTG HOLDS OPTION TO ACQUIRE REMAINING 49% STAKE WITHIN 3
YEARS

Source text:  ID:nWkr8djRzV 
Further company coverage:  WPTGb.ST 

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