other material
confidence high
sentiment neutral
materiality 0.60
LivePerson amends WildHealth earnout; pays $12M cash, eliminates up to $120M stock earnout
LIVEPERSON INC
- LivePerson and WildHealth sellers amended merger agreement; earnout terms replaced with $12M cash payment (paid May 31, 2023) and contingent sale payment up to $23M.
- Previously, earnout was up to $120M in stock over 3-year performance period; now fully satisfied.
- $12M lump sum recorded in Q2 2023; preexisting $40.2M stock accrual eliminated.
- In event of future sale of WildHealth by May 2033, sellers get 30% of equity value, capped at $23M.