Megaport (ASX:MP1) has completed the acquisition of Latitude.sh, according to a Thursday filing with the Australian bourse.
On Nov. 11, the company had agreed to acquire the Compute-as-a-Service company for an upfront consideration of $150 million and a contingent consideration of $150 million, via an AU$200 million institutional placement. It also said it would raise AU$20 million share purchase plan (SPP).
The SPP remains ongoing and is expected to close on Dec.4, the filing said.