Summa Linguae S.A. (WSE:SUL) signed heads of terms to acquire Globalme Localization Inc. for $8 million on May 24, 2019. Summa Linguae S.A. (WSE:SUL) concluded an agreement to acquire Globalme Localization Inc. for $9.5 million on November 16, 2019. The ultimate structure of the Transaction will be finally determined after the Issuer and its advisors have completed a due diligence audit, which the Issuer intends to conduct within 3 months of signing the Heads of Terms. As part of the agreement, Summa Linguae S.A will pay $7 million and price for the shares may increase by no more than $2.5 million, provided that GlobalMe generates sales revenues in the financial year ending on December 31, 2020 or December 31, 2021 at the level specified in the Agreement (earn out). The maximum price for the purchase of Shares may not exceed $9.5 million. The Shares will be purchased with funds obtained from the issue of new shares of Summa Linguae S.A to Value4Capital. The investment from Value4Capital will support Summa Linguae S.A. grow its position both organically and through acquisitions. Summa Linguae S.A. will be entitled to demand payment of liquidated damages in the amount of $0.25 million in case of violation of its exclusive rights to negotiations by the Target or its shareholders, as well as in case of non-acceptance by the Target’s shareholders of the Issuer’s binding offer to acquire the Target’s shares on the terms and conditions defined in the Heads of Terms. Globalme will have the right to claim liquidated damages from the Issuer in the amount of $0.25 million should Summa Linguae S.A. resign from concluding the Transaction. For 2018 Globalme had revenue of $5 million. The condition of obtaining relevant consents for the purchase of shares in GlobalMe Localizations Inc. have been met on December 9, 2019. Summa Linguae S.A. (WSE:SUL) completed the acquisition of Globalme Localization Inc. on December 9, 2019.