Mad Paws Holdings Limited (ASX:MPA) entered into a binding agreement to acquire Waggly Club for AUD 3.5 million on June 8, 2021. Under the terms of agreement, AUD 2 million will be paid in cash on completion, AUD 1 million in Mad Paws fully paid ordinary shares as deferred consideration to be issued on June 28, 2021. The Share Consideration will be issued at an issue price of AUD 0.25 per share and up to AUD 0.5 million will be payable in cash after completion subject to the Waggly Club business achieving agreed revenue-based performance hurdles during the period commencing on completion and ending on December 31, 2022. The Waggly Club acquisition is not subject to conditions and is expected to be completed on June 8, 2021.
Mad Paws Holdings Limited (ASX:MPA) completed the acquisition of Gassett Group Pty Ltd on June 8, 2021.