Dotz S.A. completed the acquisition of Noverde Tecnologia e Pagamentos S/A and Noverde Correspondente Bancario Ltda.
August 31, 2022
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Dotz S.A. (BOVESPA:DOTZ3) proposed to acquire Noverde Tecnologia e Pagamentos S/A and Noverde Correspondente Bancario Ltda. for BRL 36.5 million on March 3, 2022. Dotz S.A. (BOVESPA:DOTZ3) agreed to acquire Noverde Tecnologia e Pagamentos S/A and Noverde Correspondente Bancario Ltda. on April 4, 2022. As per the terms of the deal, the purchase and sale of shares issued by Noverde, representative of 49.9587% of Noverde's capital with the total payment of BRL 35.7 million being the payment in cash and installments ("Purchase and Sale"); and (b) merger, by the Company, of the remaining shares issued by Noverde, pursuant to article 252 of the Brazilian Corporate Law ("Merger of Shares"), which, if approved by the Company's and Noverde's shareholders, shall result in the issuance, in favor of Noverde's shareholders, of (a) 372,026 (three hundred and seventy-two thousand two hundred and six) common shares issued by the Company (DOTZ3); and (b) warrants whose exercise shall be conditioned to the terms and conditions established in the respective issuance certificates, that shall give to certain shareholders of Noverde the right to subscribe up to 4,766,831 (four million, seven hundred and sixty-six thousand, eight hundred and thirty-one) common shares issued by Dotz. RGS Partners advised Noverde and Quatá Confidence Capital advised Dotz S.A. on the transaction. The deal is subject to execution of the definitive documents and the eventual approval of the shareholders of the companies involved.
Dotz S.A. (BOVESPA:DOTZ3) completed the acquisition of Noverde Tecnologia e Pagamentos S/A and Noverde Correspondente Bancario Ltda. on August 1, 2022. The shareholders of Dotz has approved the transaction.
Dotz SA is Brazil-based company, and its activity is to participate in other companies. The Company is the parent company of CBSM - Companhia Brasileira de Solucoes de Marketing S.A. (CBSM) and CGSSP - Companhia Global de Solucoes e Servicos de Pagamentos. CBSM and CGSSP activity is the development and provision of services in the area of marketing and internet technology, mainly advising, consulting, elaboration and execution of projects in the area of information technology, notably internet, intranet, e-commerce, e-business and business to business, in addition to the Digital Payments account, called Dotz Pay. The Company, through its subsidiaries, through its loyalty program called Dotz, assigns loyalty points to third parties, such as credit card issuers, supermarkets, pharmacies, among others, which, in turn, grant these points for their customers. In connection with the loyalty program, such customers can redeem points in the form of products and/or services.