M&A
confidence high
sentiment positive
materiality 0.80
Digimarc completes acquisition of EVRYTHNG; issues 771,810 shares and warrants exercisable at $36.56
Digimarc CORP
- Acquisition of EVRYTHNG Ltd closed Jan 3, 2022; EVRYTHNG becomes wholly owned subsidiary.
- Consideration: 771,810 shares of common stock plus warrants for 231,438 shares at $36.56 exercise price.
- Warrants expire later of Mar 27, 2022 or 45 days after resale registration effective.
- CEO Riley McCormack says acquisition is transformative, adding 65 employees and cross-selling opportunities.
- EVRYTHNG's Product Cloud combines with Digimarc watermarks for end-to-end product intelligence.