Interesting This morning Flyth email...
Transaction Detail
Under terms of the agreement, FLYHT (through its wholly owned German subsidiary formed as part of this transaction) will acquire all of the outstanding securities of CrossConsense. The purchase price was within industry norms for revenue multiples of private companies. This agreement is subject to approval of the German Government and the TSX Venture Exchange and to be effective January 1, 2022, with a transaction close as soon as possible after those approvals are received.
News Release
https://ceo.ca/@accesswire/flyht-agrees-to-purchase-shares-of-crossconsense-adding
Transaction Detail
Under terms of the agreement, FLYHT (through its wholly owned German subsidiary formed as part of this transaction) will acquire all of the outstanding securities of CrossConsense for CAD$1,250,000 in cash and 1,900,000 common shares of FLYHT. The shares will be held in escrow and will be released equally in 1/3 increments at 4, 16 and 28 months following issuance on the transaction's closing date
At what price will the shares be issued at? :)