Catapult Sports (ASX:CAT) entered into a binding agreement to acquire IMPECT for $91 million, according to a Monday filing with the Australian bourse.

The company will make an upfront consideration of $46 million, and an additional deferred and contingent consideration of $44 million over four years, with $12 million contingent on meeting performance goals, the filing said.

The deal, which is expected to be completed in fifteen days, will be immediately accretive to the company's Annual Contract Value (ACV) growth, the filing added.

IMPECT's acquisition will be funded through the issue of about 19.5 million new shares at AU$6.68 per share, to raise AU$130 million, and a share purchase plan (SPP) to raise a further AU$20 million, the company said.

The AU$6.68 offer price is an 8.6 % discount to the company's five-day volume weighted average price (VWAP), while the shares issued under the SPP will be lower and at 2% discount to the company's 5-day VWAP, the company added.

The company also reaffirmed its fiscal year 2026 annual contract value and revenue guidance in the range of $115.3 million to $115.6 million and $67.2 million to $67.5 million, respectively.