Entravision sells 51% stake in Adsmurai for €15M; terminates €12.3M loans

ENTRAVISION COMMUNICATIONS CORP

Sold 51% equity interest in digital ad tech platform Adsmurai for €15M (~$16.2M).
€10M paid at closing; €5M deferred within six months, guaranteed by Adsmurai.
Terminated outstanding loans of €12.3M and previous option/shareholder agreements.
Buyers are Adsmurai founders (Ikigai Mes and Wustco); company exits Spanish tech investment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP entered into Share Purchase Agreement with Adsmurai, S.L. and the other stockholders of Adsmurai valued at €15.0 million (approximately $16.2 million) (effective 2024-05-06).

Action: entry
Agreement: asset purchase
Counterparty: Adsmurai, S.L. and the other stockholders of Adsmurai
Value: €15.0 million (approximately $16.2 million)
Effective: 2024-05-06

Exact text from the filing

On May 6, 2024 (the "Effective Date"), Entravision Communications Corporation (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”), among Adsmurai, S.L. ("Adsmurai"), the Company and the other stockholders of Adsmurai (the “Buyers”).

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292 material agreements filed in the last 30 days. Browse all material agreements →

ENTRAVISION COMMUNICATIONS CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-054755

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