XPON Technologies Group (ASX:XPN) has entered into a binding agreement to acquire 100% of the shares in digital marketing firm Alpha Digital Design Consultants for a total maximum consideration of AU$2.6 million, according to a Monday Australian bourse filing.
The deal includes AU$1.72 million at completion, comprising AU$180,000 XPON shares on closing and AU$1.54 million vendor loan at 8% annual interest over 3 years.
The deal also includes an additional AU$891,000 in performance-based two-year earn-in linked to EBITDA growth targets in 2026 of AU$800,000 and 2027 of AU$1.1 million.
Alpha Digital generated AU$4.6 million revenue and AU$700,000 unaudited earnings before interest, tax, depreciation, and amortization in the last financial year, with around AU$1 million cash in the bank.
XPON Technologies' shares jumped 283% to a one-year high of AU$0.023.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.