Zoomd Technologies Ltd. (TSXV:ZOMD) acquired Albert Technologies Ltd. on March 27, 2022. As per the terms of the transaction, Zoomd shall pay in a combination of cash, shares and a future share-based earn-out payment, based on meeting certain criteria. For the purposes of the transaction, the share component of the consideration shall be valued at the higher of the closing price of the shares on the date prior to the issuance and $1.00 per share. All shares to be issued pursuant to the Transaction are subject to the prior approval of the TSX-V.

Zoomd Technologies Ltd. (TSXV:ZOMD) completed the acquisition of Albert Technologies Ltd. on March 27, 2022.