Focus on Fundamentals Namaste and Findify @ $1.80 / share
Key terms of the Acquisition:
- Namaste acquired all issued and outstanding shares of Findify in exchange for:
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- US $2,000,000 in cash, paid upon the closing date of the proposed transaction.
- US $10,000,000 paid in common shares of Namaste at a mutually agreed price of C$1.80 per common share.
The acquisition of Findify represents a major milestone for Namaste as its largest and first technology-based acquisition. Namaste will roll-out the entire suite of products available through Findify on all touch points in order to bring real-time intelligence across its platform. Findify will also leverage their experience working with 1000+ e-commerce stores, with conversion rate optimization and enhanced UX design
OP Kevelle