Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. OTC Markets
  5. SITO Mobile, Ltd.
  6. News
  7. Summary
    SITOQ   US82988R2031

SITO MOBILE, LTD.

(SITOQ)
Delayed OTC Markets  -  02:37:59 2023-03-20 pm EDT
0.002100 USD    0.00%
2022SITO Mobile Solutions, Inc. Emerged from Bankruptcy
CI
2021Sito Mobile : Bankruptcy or Receivership - Form 8-K
PU
2021Sito Mobile, Ltd. : Bankruptcy or Receivership (form 8-K)
AQ
SummaryQuotesChartsNewsCompanyFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

SITO MOBILE, LTD. : Termination of a Material Definitive Agreement (form 8-K)

12/27/2019 | 06:30pm EDT

Item 1.02 Termination of a Material Definitive Agreement.

On December 19, 2019, SITO Mobile, Ltd. (the "Company") received a written notice (the "MediaJel Notice") from MediaJel, Inc. ("MediaJel") alleging that the Company had materially breached that certain Agreement and Plan of Merger, dated as September 14, 2019 (the "Merger Agreement"), by and among MediaJel, the Company, MJ Acquisition Corp. and Jonathan Black, as the representative of the equityholders of MediaJel, which agreement was previously announced by the Company on September 19, 2019. The MediaJel Notice purported to terminate the Merger Agreement under Section 7.1(c) thereof and requested that the Company pay the Break Fee (as defined in the Merger Agreement) by the second business day following the date of the MediaJel Notice.

On December 27, 2019, the Company provided a written notice (the "SITO Notice") to MediaJel alleging that MediaJel is in material breach of various provisions of the Merger Agreement, that MediaJel therefore had no right to terminate the Merger Agreement under Section 7.1(c) thereof and that the MediaJel Notice did not constitute an effective termination of the Merger Agreement. The SITO Notice did not acknowledge or agree to any alleged breach of the Merger Agreement by the Company and reserved all of SITO's rights with respect to the Merger Agreement.

The Company and MediaJel are currently in discussions regarding an agreement to mutually terminate the Merger Agreement under Section 7.1(a) thereunder, pursuant to which no Break Fee would be payable by either party. Such a mutual termination will be announced when finalized.

© Edgar Online, source Glimpses

All news about SITO MOBILE, LTD.
2022SITO Mobile Solutions, Inc. Emerged from Bankruptcy
CI
2021Sito Mobile : Bankruptcy or Receivership - Form 8-K
PU
2021Sito Mobile, Ltd. : Bankruptcy or Receivership (form 8-K)
AQ
2021Sito Mobile : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standa..
PU
2021Sito Mobile, Ltd. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or ..
AQ
2021Sito Mobile, Ltd. : Bankruptcy or Receivership, Financial Statements and Exhibits (form 8-..
AQ
2021Sito Mobile : Letter dated August 30, 2021 (Form 8-K)
PU
2021Sito Mobile, Ltd. : Changes in Registrant's Certifying Accountant, Financial Statements an..
AQ
2021Sito Mobile : Material Event (Form 8-K)
PU
2021Sito Mobile, Ltd. : Other Events (form 8-K)
AQ
More news
Chart SITO MOBILE, LTD.
Duration : Period :
SITO Mobile, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Thomas M. Candelaria Chief Executive Officer & Director
Gregg Saunders Chief Financial Officer
Lisa Patrick Chief Operating Officer
Stephen D. Baksa Director
Gavin Scotti Director
Stock markets for all
100% Free Registration
fermer