ShotSpotter, Inc. (NasdaqCM:SSTI) acquired Forensic Logic, Inc. on January 1, 2022. Under the terms of the transaction, ShotSpotter, Inc. paid $5 million in cash, subject to working capital adjustments, 464,540 shares amounts of $15 million in common stock of ShotSpotter, Inc. and additional contingent consideration. The contingent consideration is an earnout agreement for 2022 and 2023. Up to 9.5 million in contingent earnout will be payable based on Forensic Logic's revenues generated during 2022. An additional amount up to $10.5 million contingent earnout will be payable based on Forensic Logic's revenues during 2023. The amounts will be determined and paid within approximately 90 days after the end of 2022 and 2023, respectively.

ShotSpotter, Inc. (NasdaqCM:SSTI) completed the acquisition of Forensic Logic, Inc. for $36.2 million on January 1, 2022. As per the filling on November 9, 2022, ShotSpotter paid $4.9 million in cash, 464,540 shares of ShotSpotter common stock and contingent consideration of up to $9.5 million. An additional amount of $10.5 million contingent consideration may be payable based on Forensic Logic's revenues generated during 2023.