M&A
confidence high
sentiment neutral
materiality 0.55
Compass to acquire non-brokerage assets from Canadian proptech for $32.4M in stock
Compass, Inc.
- Definitive asset purchase agreement signed Aug 7, 2023; closing on or about Aug 24, 2023.
- Consideration of $32.4M in Class A common stock; share count based on VWAP formulas using trading days through Aug 21.
- Also issuing 148,042 shares (~$0.6M) to former owners of a prior acquisition in lieu of cash holdback.
- Both issuances exempt from registration under Section 4(a)(2) of Securities Act as private placements.