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

reuters ·  2021/11/09 18:50

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 Further company coverage: FORA.TO

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

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