Seeka Limited (NZSE:SEK) entered into an amalgamation agreement to acquire Orangewood Limited for NZD 6.55 million on September 14, 2021. Orangewood shareholders are offered 0.6630 million new Seeka shares and NZD 1.35 million in cash for every Orangewood share. The issue price for each new Seeka share is NZD 5.33 being the volume weighted average price of Seeka shares traded on the NZX Main Board over the 10 business days ended 13 September 2021 (all fractions of Seeka Shares are to be rounded up to the nearest whole number). The amalgamation consideration values Orangewood net assets at $4.71m. Seeka will assume approximately $1.84m of debt as part of the acquisition bringing the total transaction value to NZD 6.55 million.

Seeka Limited (NZSE:SEK) Completed it's acquisition of Orangewood Limited for NZD 6.9 million on November 22, 2021. Seeka will issue 0.64 million new shares and pay NZD 1.30 million to Orangewood shareholders, and assume NZD 2.15 million of Orangewood debt.