other material
confidence high
sentiment neutral
materiality 0.20
LivePerson amends e-bot7 earnout; to issue up to 2M shares to settle contingent payments
LIVEPERSON INC
- Acquisition of e-bot7 closed July 2021 for $50.7M (cash + stock + earnout up to $8.8M in stock).
- Amendment resolves all earnout: 1,190,425 shares issued Oct 12, 2023; up to 809,575 shares on Oct 19, 2023 depending on market price.
- Maximum total shares issuable: 2,000,000 shares of common stock to selling equityholders of e-bot7.
- No other material changes to the original share purchase agreement disclosed.