Wondr Gaming Corp. completed the acquisition of JoyBox Media Inc.
On February 16, 2022, the parties entered into Amended and Restated Agreement. Pursuant to this, Wondr Gaming agreed to acquire all of the issued and outstanding common shares of JoyBox in exchange for: (i) CAD 1,200,000 worth of common shares of the Wondr Gaming and (ii) cash payments of CAD 300,000. The Consideration Shares will be paid as per the following terms: CAD 500,000 worth of Shares at a deemed price per share equal to the closing price of the Wondr common shares on the closing date; CAD 350,000 worth of Shares both issuable and payable within sixty days of JoyBox generating at least CAD 500,000 in gross revenues; and CAD 350,000 worth of Shares both issuable and payable within sixty days of JoyBox generating at least CAD 1,000,000 in gross revenues. The Cash Payments will be paid as per the following terms: CAD 131,526 payable forthwith as collected by the Company as accounts receivable from JoyBox's past services provided; CAD 84,237 payable within sixty days following the quarterly financial period of the Company in which JoyBox generated at least CAD 500,000 in gross revenue; and CAD 84,237 payable within sixty days following the quarterly financial period of the Company in which JoyBox generated at least CAD 1,000,000 in gross revenue. The acquisition is expected to close on or around February 23, 2022.
Wondr Gaming Corp. (CNSX:WDR) completed the acquisition of JoyBox Media Inc. on March 3, 2022.