8-K
filed March 1, 2024, 6:59 PM ET
CIK 0001854583
M&A
confidence high
sentiment positive
materiality 0.70
Collective Audience to acquire BeOp for €2M in stock; Q2 2024 close expected
Collective Audience, Inc.
- Acquisition of BeOp for €2 million in restricted common stock, subject to debt restructuring by Commercial Court of Paris (approx. 90 days).
- Earn-out of up to €200,000 in additional stock if BeOp achieves 2024-2025 revenue and EBITDA targets.
- BeOp reported 2023 revenue of US$3.7M, up 35% YoY; acquisition expected to be operationally EBITDA positive upon close.
- Interim license: exclusive North America rights for 90 days, with €150,000 payable in three monthly installments.
- BeOp founders appointed to Collective Audience's Advisor Collective; deal expected to close in Q2 2024.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Collective Audience, Inc. entered into Binding LOI with The Odyssey SAS (dba BeOp) valued at €2,000,000 (effective 2024-02-29).
- Action
- entry
- Agreement
- merger
- Counterparty
- The Odyssey SAS (dba BeOp)
- Value
- €2,000,000
- Effective
- 2024-02-29
Exact text from the filing
On February 29, 2024, Collective Audience, Inc. (the “Company”), a Delaware corporation, entered into two agreements with The Odyssey SAS (dba BeOp) (“BeOp”), a company organized under the laws of France specializing in conversational advertising: (i) the parties entered into a binding Letter of Intent (the “Binding LOI”) whereby the Company is bound to acquire 100% of the ownership of BeOp, subject to certain closing conditions (the “Acquisition”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Collective Audience, Inc. entered into Interim License Agreement with The Odyssey SAS (dba BeOp) valued at €150,000 (effective 2024-02-29).
- Action
- entry
- Agreement
- license
- Counterparty
- The Odyssey SAS (dba BeOp)
- Value
- €150,000
- Effective
- 2024-02-29
Exact text from the filing
on February 29, 2024, the Company and BeOp entered into a Joint Venture and Software License Agreement (the “Interim License Agreement”), pursuant to which the Company obtained an exclusive right to commercialize the BeOp software and services in North America for an interim period of up to ninety (90) days from the opening of restructuring proceedings related to the Restructured Debt
View on SEC.gov
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