08.23.19
Ynvisible Interactive Inc. completed the acquisition of all of the issued and outstanding shares of Consensum Production AB pursuant to the terms of a share exchange agreement dated effective Aug. 7, 2019 among the Company, Consensum and the shareholders ofConsensum.
Under the terms of the Definitive Agreement and in consideration of the acquisition, Ynvisible issued to the former Consensum shareholders an aggregate of 3,564,474 common shares of the company at a deemed price of $0.474 per payment share.
The payment shares will be subject to a statutory hold period expiring Dec. 21, 2019, as well as a voluntary hold period until Feb. 20, 2020, for 25% of the payment shares and August 20, 2020, on an additional 25% of the payment shares.
"We are happy to have Consensum now become a part of Ynvisible, to have a presence in Sweden, and further strengthen our production and tech transfer capabilities with this talented team," Ynvisible CEO Jani-Mikael Kuusisto said.
Under the terms of the Definitive Agreement and in consideration of the acquisition, Ynvisible issued to the former Consensum shareholders an aggregate of 3,564,474 common shares of the company at a deemed price of $0.474 per payment share.
The payment shares will be subject to a statutory hold period expiring Dec. 21, 2019, as well as a voluntary hold period until Feb. 20, 2020, for 25% of the payment shares and August 20, 2020, on an additional 25% of the payment shares.
"We are happy to have Consensum now become a part of Ynvisible, to have a presence in Sweden, and further strengthen our production and tech transfer capabilities with this talented team," Ynvisible CEO Jani-Mikael Kuusisto said.
