Truecaller AB (publ) (OM:TRUE B) agreed to acquire CallHero LTD for $6.5 million on January 13, 2022. The acquisition will be financed through existing cash and newly issued shares in Truecaller AB. The agreed purchase price amounts to USD 4.5 million, of which USD 2.6 million will be paid in cash upon completion of the acquisition and USD 1.9 million through newly issued shares in Truecaller.

Completion of the acquisition is subject to customary closing conditions and is expected to be completed during the first quarter of 2022.