Compagnia dei Caraibi S.p.A. (BIT:1TIME) entered into a binding agreement to acquire We R-Eticsoul Srl from Trolley Srl and Congeners Srl for €1 million on February 16, 2022. Compagnia dei Caraibi will acquire 90% stake from Trolley Srl and 10% stake from Congeners Srl. The consideration will be paid 65% in cash and 35% in Compagnia dei Caraibi shares.

Compagnia dei Caraibi will pay €0.67 million in cash, €0.60 million to Trolley and €0.06 million to Congeners. Compagnia will issue 72,161 treasury shares at €5.02 per shares. Compagnia will issue 64,945 shares to Trolley S.r.l. and 7,216 shares to Congeners S.r.l. The signing of the definitive agreement is expected by the end of March 2023 and the closing of the Transaction is expected by the end of April 2023.

As of December 31, 2022, We r-eticsoul S.r.l. had total turnover of €0.24 euros with EBITDA of €0.3 million Bernardo Bertoldi as an independent expert to formulate opinion.