RE:RE:RE:RE:RE:RE:RE:RE:Keeping an eye on WilanI agree with the assessments of our well respected colleague BBoard poster here cabbieJBJ and mrmoribund... considering the source document issued on June 15, 2024 where the statement released by Quarterhill included that:
" it has completed the sale of all of the shares of WiLan Inc. ("Wilan") to an arm's length purchaser of up to approximately $71.4 million subject to certain adjustments, including working capital adjustments".
ElJ observation: The $71.4 million includes { 48M cash + 15.4 M unsecured promissory note and $8.0 M as an earn-out} and also the statenent that
“10% ownership stake can be repurchased by Wilan for between approximately $13.0 million and $16.0 million subject to Wilan meeting certain revenue milestones.”
Note: "All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
Source: June 15, 2024 Quarterhill Announces the Sale of Wi-Lan Inc.
Peace,
Good Decision-making to All,
ElJ