Business Warrior Corp: M&A transaction — Business Warrior acquires FluidFi (Alchemy Technologies) for $8.75M in cash, preferred stock

Business Warrior Corp

Deal consideration: $2.25M cash, $5M preferred stock (7%, 3-yr dividend), plus $450K restricted stock vesting over 24 months.
FluidFi 2021 revenue $2.735M, net income $528K; 2020 revenue $1.108M, net loss $607K.
Acquired company provides embedded FinTech SaaS lending software; acquisition closed in June 2022.
8-K includes audited FY2021/2020, unaudited 5-month 2022 financials, and pro forma combined info.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Business Warrior Corp completed an acquisition involving FluidFi, Inc. for $8.75 million.

Action: acquisition
Counterparty: FluidFi, Inc.
Consideration: $8.75 million

Exact text from the filing

strengthens the Company’s core marketing and lending software while expanding the Company’s brand and services to meet global demand. The value of the deal at closing was $8.75 million with $2.25 million in cash and $5 million in preferred stock with a 7%, three-year cash dividend. In addition, $450,000 in restricted common stock will go to existing Alchemy

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Source: SEC EDGAR

accession 0001477932-22-008841

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