Sourcesense S.p.A. (BIT:SOU) entered into an agreement to acquire Mmul S.R.L. for €0.64 million on December 1, 2020. The consideration was paid in cash. The agreement also provides for a price adjustment mechanism which consists in the possibility of recognizing an additional consideration to Mmul S.R.L., by October 31, 2021 up to a maximum of €0.24, upon occurrence of defined 2021 turnover targets. The transaction has been financed through proceeds of recent IPO.