RE:RE:WC acquisition - missing financial info hereNo typo. Below is the info from the previous deal with Ubique Digital.
Unique Digital generated revenue of approximately $70 million for the trailing twelve-month period ended August 31, 2020. Consideration for the purchase consisted of US$5.35 million in cash, US$2.4 million in promissory notes and earn-out payments of up to US$1.5 million in aggregate, payable over three years. Assuming Unique Digital achieves the minimum level of EBITDA to earn the full earn out, the purchase multiple for the transaction would be approximately 3.1 times EBITDA in the third year following closing. Assuming no earn out payments are made, the purchase multiple would be approximately 4.4 times EBITDA for the trailing twelve-month period ended August 31, 2020. In addition, the company will have $1.25 million of positive working capital at closing with any excess or shortfall to be settled post closing. The cash portion of the purchase price was financed by Converge’s recently announced bought deal financing. The acquisition is expected to be immediately accretive to Converge, resulting in increased revenue and adjusted EBITDA.