LESAKA TECHNOLOGIES INC (LSAK): M&A transaction — Lesaka completes Adumo acquisition for ~$93.6M; pro forma revenue $619M, net loss $19.1M

LESAKA TECHNOLOGIES INC

Purchase consideration $93.6M includes $80.9M in Lesaka shares and $12.8M cash.
Pro forma combined revenue $619M, net loss $19.1M; diluted EPS loss $0.23.
Goodwill increased by $76.7M and intangible assets by $21.6M via purchase accounting.
Adumo contributed $54.8M revenue and $0.6M net income to pro forma (ex-items).
Lesaka issued ~17M shares and paid $12.8M cash to sellers at closing.

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

LESAKA TECHNOLOGIES INC completed an acquisition involving Crossfin Apis Transactional Solutions (Pty) Ltd and Adumo ESS (Pty) Ltd (closed 2024-10-01).

Action: acquisition
Counterparty: Crossfin Apis Transactional Solutions (Pty) Ltd and Adumo ESS (Pty) Ltd
Closing: 2024-10-01

Exact text from the filing

On May 7, 2024, Lesaka Technologies, Inc. ("Lesaka" or the "Company") entered into a Sale and Purchase Agreement (the "Purchase Agreement") with Lesaka Technologies (Proprietary) Limited ("Lesaka SA"), and Crossfin Apis Transactional Solutions (Pty) Ltd and Adumo ESS (Pty) Ltd ("the Sellers").

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LESAKA TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001062993-24-019865

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