Reklaim Ltd. (TSXV : MYID) has entered into a non-binding letter of intent to acquire Assets of Multimedia Lists, Inc. on September 27, 2022. Reklaim expects the transaction terms to be structured based on a multiple of MMLÆs EBITDA and will also include a performance earn-out over a four-year term with payment consisting of a combination of cash and stock and dependencies on hitting specific EBITDA goals. The transaction is subject to number of customary factors, including, but not limited to, entering into a definitive agreement, final approval of the TSX Venture Exchange, and Reklaim being satisfied with its due diligence investigation of Multimedia Lists, Inc.