Stagwell Inc. (NasdaqGS:STGW) agreed to acquire the remaining 49% stake in Instrument Marketing, Inc. from Instrument Leadership LLC for approximately $160 million on December 30, 2021. The purchase price is comprised of $86,078,627 in cash and $73,921,373 in Class A common stock of the Company (“Stagwell Stock”) and payable in three installments. At closing of the transaction on December 31, 2021, the Stagwell paid the first installment of $75 million, comprised of $37.5 million in cash and $37.5 million, or 4,475,653 shares, in Stagwell Stock. The second and third installments of $42.5 million, each comprised of $24,289,313.50 in cash and $18,210,686.50 in Stagwell Stock, are payable on April 3, 2023 and April 1, 2024, respectively. Under the terms of the Agreement, the aggregate number of shares of Stagwell Stock issued in the transaction may not exceed 10% of the Company's outstanding Class A common stock. Stagwell Inc. will receive no cash proceeds and no commissions will be paid to any person in connection with the issuance.

Stagwell Inc. (NasdaqGS:STGW) completed the acquisition of the remaining 49% stake in Instrument Marketing, Inc. from Instrument Leadership LLC on January 6, 2022.