secwatch / observer
8-K filed April 4, 2024, 7:59 PM ET CIK 0001617765
M&A confidence high sentiment positive materiality 0.65

EVOME MEDICAL TECHNOLOGIES INC.: M&A transaction — Evome sells Simbex R&D unit to Riddell for $3.55M cash; proceeds cut acquisition debt

EVOME MEDICAL TECHNOLOGIES INC.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

EVOME MEDICAL TECHNOLOGIES INC. completed a disposition involving EB Sports Corp. for $3,550,000 (closed 2024-04-01).

Action
disposition
Counterparty
EB Sports Corp.
Consideration
$3,550,000
Closing
2024-04-01
Exact text from the filing
the Purchaser agreed to purchase from the Seller all of the issued and outstanding membership interests owned by the Seller in Simbex LLC, a Delaware limited liability company (the " Membership Interests ") for a purchase price of $3,550,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EVOME MEDICAL TECHNOLOGIES INC. entered into Purchase Agreement with EB Sports Corp. valued at $3,550,000 (effective 2024-04-01).

Action
entry
Agreement
asset purchase
Counterparty
EB Sports Corp.
Value
$3,550,000
Effective
2024-04-01
Exact text from the filing
On April 1, 2024, Evome Medical Technologies Inc., a British Columbia corporation (the " Company "), its wholly-owned subsidiary Simbex Acquisition I Corporation, a Delaware corporation (" Seller "), and EB Sports Corp., a Delaware corporation (the " Purchaser "), entered into a membership interest purchase agreement (the " Purchase Agreement "), pursuant to which the Purchaser agreed to purchase from the Seller all of the issued and outstanding membership interests owned by the Seller in Simbex LLC, a Delaware limited liability company (the " Membership Interests ") for a purchase price of $3,550,000, subject to certain adjustments for working capital, indebtedness, and transaction expenses.
View on SEC.gov

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Source: SEC EDGAR
accession 0001062993-24-008068
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