NextPoint Financial, Inc. (TSX:NPF.U) acquired Community Tax, LLC for $90 million on December 30, 2021. Consideration was funded with $70 million in borrowings under a new credit facility and issuance of NextPoint common shares equivalent of $20 million. Jacob Dayan, Co-Founder and Chief Executive Officer of Community Tax, has joined NextPoint as Chief Revenue Officer and will be responsible for monetization strategies across the Company. The transaction is expected to be accretive to NextPoint's 2022 earnings. The former owners of Community Tax entered into customary lock-up agreements which provide that that they would not transfer 50% of the consideration shares for a period of 12 months following the closing of the acquisition. NextPoint also entered into employment agreements with key executives of Community Tax including Jacob Dayan, Co-Founder and Chief Executive Office of Community Tax, who has assumed the role of Chief Revenue Officer and will be responsible for monetization strategies across the NextPoint.

NextPoint Financial, Inc. (TSX:NPF.U) completed the acquisition of Community Tax, LLC on December 30, 2021.