RE:Sale of Bullfrog Power Found this in the Q3 MD&A post acquisition of Bullfrog. Purchased for effectively 17.5 million in 2018 now being sold for 35 million in 2022...
Effective July 1, 2018 Spark acquired all of the issued and outstanding shares of Bullfrog Power Inc. for total consideration on closing of $17.5 million less $280,103 for working capital acquired below agreed targets.
Total consideration paid at close was comprised of $9.835 million in cash, a $6.0 million promissory note due in four years bearing interest at 6%, and the after-tax impact of key executive retention bonus’s totalling $1.665 million.