M&A
confidence high
sentiment neutral
materiality 0.65
Kindcard acquires touchless payment business from Wholesale Payments LLC for $5M in stock
Kindcard, Inc.
- Purchase price $5M paid via 5M shares of Kindcard common stock at $1.00/share.
- Acquires assets: accounts receivable, contracts, IP, permits, goodwill for touchless payment solutions.
- Seller is Wholesale Payments LLC; business provides touchless payment and merchant processing technology.
- Agreement dated Jan 1, 2022; Kindcard issues 5M shares as consideration.