Ellipsiz Communications Ltd. (TSXV:ECT) entered into an agreement to acquire Open Decisions Inc. for CAD 0.49 million on June 18, 2018. Out of total consideration, Ellipsiz will pay CAD 0.4 million of cash and issue 9 million of common shares. The securities issued pursuant to this acquisition are subject to a four month hold period. Post-acquisition, Benjamin Liang, Chief Executive Officer of Open Decisions will continue their services and will work as part of the Ellipsiz’s team to develop and execute strategies formulated by Ellipsiz. The transaction is subject to obtaining final approval from the board of directors, acceptance by the TSX Venture Exchange and is anticipated to close by June 30, 2018. Ellipsiz Communications Ltd. (TSXV:ECT) completed the acquisition of Open Decisions Inc. on May 14, 2019. The cash consideration portion of the transaction includes CAD 0.1 million paid at closing and an additional CAD 0.29 million cash payments in three installments over the next 18 months each of which installment is secured against 12.5% of the shares of Open Decisions being acquired.