MOQ Limited (ASX:MOQ) signed a binding agreement to acquire Dienst Consulting Pty Ltd for AUD 3.8 million on July 2, 2021. The purchase price will be settled as to 70% in cash for AUD 2.65 million and 30% in shares in MOQ for AUD 1.13 million, up to a maximum of 5.04 million shares. Prior to the completion, MOQ shares will be issued from existing capacity at the higher of 22.5 cents per share (cps) and the 30-day volume weighted average price. Dienst has unaudited FY21 revenues of over AUD 8.4 million and normalised EBIT in excess of AUD 0.8 million. Completion of transaction is expected to be on or around August 2, 2021. Thomson Geer acted as legal advisor while Monash Private Capital , Advisory Arm acted as financial advisor to MOQ Limited. MOQ Limited (ASX: MOQ) completed the acquisition of Dienst Consulting Pty Ltd for AUD 3.8 million on July 30, 2021. The acquisition was settled for total consideration of AUD 3.78 million comprising AUD 2.65 million in cash and the issue of 5.04 million MOQ shares at 22.5 cents per share. Of the AUD 2.65 million cash payment, MOQ will retain AUD 0.95 million for up to 18 months in accordance with the Share Purchase Deed entered into between MOQ and Dienst.Dienst will become a shareholder in MOQ holding approximately 2.6% of the undiluted issued share capital of MOQ. Under the share consideration, the vendors’ shareholdings will be escrowed 100% for one year and 50% for two years from completion. These voluntary escrow undertakings ensure a close alignment of interests with MOQ’s future success. MOQ Limited (ASX: MOQ) completed the acquisition of Dienst Consulting Pty Ltd for AUD 3.8 million on July 30, 2021.