MeglioQuesto S.p.A. (BIT:1CALL) signed a binding agreement to acquire a 51% stake in Omicron Servizi S.r.l. from Omgroup S.P.A. for €5.6 million on December 27, 2021. The Consideration will therefore €2.0 million in cash on the date of the closing, while the remaining portion will be paid only upon completion of the Adjustments and for the amounts resulting therefrom. The agreement also sets out that a portion of the Deferred Amounts which in any case will not exceed €0.6 million (or such lesser amount as resulting from the Adjustments) will be paid by MeglioQuesto in kind by transferring to the Seller MeglioQuesto's shares valued at the higher of (i) the weighted average of the last 30 trading days prior to the date of payment of the shares plus 10% and (ii) the highest price per share resulting from published research plus 10%.

The Transaction will be completed by relying solely on MeglioQuesto's own resources. The closing of the deal is expected to take place by 31 December 2021. Corporate Finance International acted as financial advisor to Almi Invest AB.