NowVertical Group Inc. (TSXV:NOW) entered into a definitive purchase agreement to acquire Acrotrend Solutions Limited on December 5, 2022. In related transaction, NowVertical Group entered into a definitive purchase agreement to acquire Smartlytics Consultancy. The aggregate total consideration consists of closing cash payment of $4.1 million, subject to holdbacks, issuance of 0.75 million subordinate voting shares in the capital of NOW priced at the greater of NOW?s 20-day VWAP on closing and $1.00 per NOW Share, subject to holdbacks, and earn-out consideration paid over three fiscal years based on certain Adjusted EBITDA targets. The Now Shares issuable in connection with the Transactions will be subject to a statutory hold period of 4 months and a day from the closing date. Closing of the Acquisitions is subject to customary conditions for transactions of this nature, including the receipt of necessary third-party consents, regulatory approvals and approval of the TSXV. NOW expects the Acquisitions to be completed before the calendar year end 2022.

NowVertical Group Inc. (TSXV:NOW) completed the acquisition of Acrotrend Solutions Limited on January 12, 2023. In a related transaction, NowVertical Group completed the acquisition of Smartlytics Consultancy. The consideration consists of a closing cash payment of $3.69 million and $0.41 million future amounts to be settled in cash or equity, subject to holdbacks, issuance of 0.75 million subordinate voting shares in the capital of NOW at a price of $1 per NOW Share, subject to contractual lock-up restrictions, and earn-out consideration paid over three fiscal years based on certain EBITDA targets, a portion of which may be payable in NOW Shares subject to a maximum of 5 million NOW Shares.