Pattern S.p.A. (BIT:PTR) entered into agreement to acquire 70% stake in Bond Factory S.r.l. from Anna Maria Di Rienzo for €6.96 million on July 18, 2022. Total consideration includes First Earn-Out, amounting to €1.5 million provided that target's consolidated EBITDA as at December 31, 2023 is €1.54 million. If Ebitda of at least 75% of the threshold value is achieved, this amount will be recognized with a proportional reduction; - Second Earn-Out, amounting to €1.5 million provided that target's consolidated EBITDA as at December 31, 2024 is €3.49 million. If Ebitda of at least 75% of the threshold value is achieved, this amount will be recognized with a proportional reduction; - Extraordinary Earn-Out, equal to €1.0 million if the First and Second Earn-Out amounts are reached in full. Bond Factory S.r.l. closes the year 2021 with EBITDA of €2.1 million The Investment Agreement provides that the date of execution of the transaction (the closing of the Transaction) shall occur no later than October 31, 2022. As of September 27, 2022, Pattern S.p.A. announced the transaction would be closed on November 7, 2022. Pattern was assisted by the Gianni & Origoni Law Firm on legal aspects, by Studio Ricci for legal due diligence, Studio Associato CMFC in the persons of Emanuele Chieli, Alessandro Forte and Luca Piovano for tax due diligence, Audirevi Advisory for accounting due diligence and by Studio Ranalli e Associati and Luca Ambroso, partner of Studio Ranalli e Associat, for the evaluation. The Seller was assisted for the legal and fiscal aspects by Studio Biscozzi Nobili and by Dr. Trischitta for the financial accounting aspects.

Pattern S.p.A. (BIT:PTR) completed the acquisition of a 70% stake in Bond Factory S.r.l. from Anna Maria Di Rienzo on November 8, 2022.