Principal Technologies Inc. Announces Qualifying Transaction
About the Investment and Concurrent Financing The Investment will be structured as a share acquisition pursuant to which the Company will acquire 80% of the issued and outstanding securities of E&E in accordance with the Investment Agreement. As consideration for the Investment, the Company will pay the shareholder of E&E: (i) (ii) 1,000,000 Common Shares in the capital of the Company, (each, a " Common Share") if E&E earns €125,000 in profit before tax from the period from April 1, 2021 to March 31, 2022; plus (iii) 250,000 Common Shares if E&E earns €250,000 in profit before tax from t...
Source: benzinga.com