Tremor International Ltd (AIM:TRMR) acquired Spearad GmbH for $14.7 million on October 18, 2021. The consideration for the Acquisition is $14.4 million, of which $11 million is being satisfied from the Company's existing cash reserves, with the remaining being satisfied by the issue of 370,000 ordinary shares in the Company, subject to transfer and other contractual restrictions to be released gradually over a three-year period (the "Consideration Shares"). Erhard Neumann and Mark Thielen will join Tremor. Jonny Franklin-Adams, James Thompson and of finnCap Ltd and Fred Walsh, Alain Dobkin and Nick Adams of Stifel Nicolaus Europe Limited acted as financial advisor to Tremor.

Tremor International Ltd (AIM:TRMR) completed the acquisition of Spearad GmbH on October 18, 2021.