B90 Holdings PLC (AIM : B90) agreed to acquire Emwys AB from Funko International Ab for ?3.6 million on July 12, 2023. Consideration will be cash free debt free basis. Initial consideration payable is an immediate payment of ?0.5 million in cash and ?0.25 million in the form of convertible loan notes (the "CLNs"), both of which are non-refundable. The balance consideration is payable on the Closing Date, subject to certain performance conditions being achieved, and consists of ?1.25 million in cash and ?1.6 million either in the form of CLNs or the issue of new ordinary shares. The expected closing date for the Acquisition is no later than September 1, 2023. James Harris, Richard Johnson and Rob Patrick of Strand Hanson Limited acted as financial advisor to B90 Holdings PLC.

B90 Holdings PLC (AIM : B90) completed the acquisition of Emwys AB from Funko International Ab for ?4.2 million on September 15, 2023. The balance consideration due to the vendor, Funko International AB, is being settled as to ?1.25 million in cash together with ?1.6 million in equity, which the parties have agreed to issue at the Issue Price, resulting in the vendor receiving 25,271,308 new Ordinary Shares.