Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Nov. 28, 3:19 AM
Slide #3. Urbanimmersive Inc. — Agence Immophoto Inc.
||Urbanimmersive Inc. (CVE:UI.CA)
||Agence Immophoto Inc.
||Urbanimmersive Inc. ("Urbanimmersive", the "Company" or "UI") (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having closed the acquisition of all the outstanding shares of the real estate photography agency Agence Immophoto Inc. ('Immophoto') for a total purchase price of $500k, of which $300k payable immediately, $100k payable by the immediate issuance of 103,093 shares of the Company at a price of $0.97 per share and $100k payable in shares 12 months following closing, conditional on Immophoto's meeting revenue growth milestones. All issued shares are subject to a four-month and one-day holding period until March 24, 2022.
Urbanimmersive is a content provider marketplace for real estate professionals. Co. connects real estate professionals, photographers and writers in order to simplify and optimize original content production workflow. Urbanimmersive enables its customers to leverage their marketing investment while increasing productivity, competitiveness, their web visibility, consumer engagement with their brand and ultimately, their revenue. Co. develops and commercializes interactive visual content technology solutions.
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November 28, 2021 3:19 AM Eastern