EG7 PAYS ADDITIONAL PURCHASE REMUNERATION CORRESPONDING TO APPROXIMATELY CAD 9 MILLION IN CASH AND SHARES FOR THE ACQUISITION OF BIG BLUE BUBBLE INC.
On 25 November 2020, Enad Global 7 AB (publ) ("EG7" or the "Company") announced the completion of the acquisition of 100 percent of the shares in Big Blue Bubble Inc. ("Big Blue Bubble") for a purchase price of CAD 16 million, plus an additional purchase consideration amounting to a maximum of CAD 60 million, on a cash and debt-free basis (the "Transaction"). EG7 has today paid an additional purchase price (earn-out) for the acquisition of Big Blue Bubble corresponding to approximately CAD 9 million through payment of approximately CAD 6 million in cash and payment of approximately CAD 3