Vinyl Group (ASX:VNL) agreed to acquire digital city guide Concrete Playground for a total of AU$5 million, according to a Thursday filing with the Australian bourse.
The consideration includes AU$3.5 million in cash and AU$1.5 million in shares through a share sale agreement, resulting in the issue of 12.7 million shares priced at $0.118 apiece, the filing said.
From the cash consideration, AU$300,000 will be deposited into an escrow account as security for claims under the agreement for 12 months from date of completion.
The transaction is anticipated to be completed by Feb. 28, 2025, according to the filing.
Shares rose nearly 2% in afternoon trade Friday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。