Velocity Property Group Limited (ASX:VP7) entered into an agreement to acquire Digital Software Solutions Pty Limited from a group of sellers for AUD 4 million on December 23, 2020. As on August 20, 2021, Dealt Limited has executed a Share Sale Agreement to purchase all the shares of Digital Software Solutions Pty Ltd. Velocity Property Group Limited will acquire cash balance of Digital Software Solutions of 0.01 million. Dealt Limited will pay 50% in cash and 50% in shares. In a related transaction, Velocity Property Group Limited agreed to acquire AMF Finance Pty Limited from 360 Capital Group Limited and 360 Capital REIT for AUD 3 million on December 23, 2020. Velocity Property Group Limited will fund the transaction through proceeds of capital raising of AUD 93.4 million. As at April 30, 2021 Digital software reported net assets of AUD 1.4 million and total assets of AUD 1.5 million. The transaction is subject to obtaining minimum financing and Dealt shareholder approval. Dealt's shareholder meeting will be held on September 23, 2021. Dealt's board of directors recommend shareholders vote in favour of the transaction. The transaction was approved by shareholders of Dealt Limited on September 23, 2021. Completion is planned to take place on May 14, 2021. Boardroom Pty Limited acted as registrar, BDO Corporate Finance (East Coast) Pty LTD acted as fairness opinion provider and Clayton Utz acted as legal advisor for Dealt.

Dealt Limited has completed the acquisition of Digital Software Solutions Pty Ltd from a group of sellers on October 12, 2021.