M&A
confidence high
sentiment positive
materiality 0.75
Digimarc to acquire Evrythng for $50M stock, earnout up to $100M based on ARR, close Jan 2022
Digimarc CORP
- Digimarc to acquire Evrythng for $50M initial consideration in stock and warrants; earnout potential up to $100M if $10M ARR achieved by Feb 2022.
- Digimarc repays ~$7.9M of Evrythng debt and transaction costs at closing; bridge loan of up to $2M at 1% interest.
- Earnout formula: if stock price >2x initial, no additional consideration; else up to $100M in stock.
- Closing expected January 2022 subject to conditions including key employee retention and closing costs under $8M.