RediShred Capital Corp. (TSXV:KUT) acquired Proshred Philadelphia on November 1, 2022. The purchase price for this acquisition including earnouts is estimated to be between $7.3 million and $8.4 million, based on the attainment of certain financial metrics. Redishred Capital Corp. financed this acquisition through a combination of cash and borrowings from its acquisition loan facility. Proshred Philadelphia with revenue for the first half of 2022 being $1.8 million.

RediShred Capital Corp. (TSXV:KUT) completed the acquisition of Proshred Philadelphia on November 1, 2022.