GoLogiq signs $30M all-stock deal to acquire Symplefy; appoints Symplefy CEO as CFO

GoLogiq, Inc.

Total consideration up to $30M: $15M upfront shares plus up to $15M earnout tied to Symplefy achieving 360, 2,000, and 4,900 paying customers.
Symplefy is a Vietnam-based payroll and HR fintech platform targeting Southeast Asian businesses; expected to become a wholly owned subsidiary.
Stephen Jones, Symplefy CEO, appointed CFO of GoLogiq; he will also continue as Symplefy CEO.
If GoLogiq's asset sale to Recruiter closes first, rights in Symplefy agreement would be assigned to Recruiter, making Symplefy a Recruiter subsidiary.
Symplefy aims to acquire over 2,000 corporate clients in 18 months and plans to expand across Southeast Asia.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Stephen Jones

Chief Financial Officer

GoLogiq, Inc.

Effective: 2023-07-26
Filed: July 27, 2023, 7:59 PM ET

On July 26, 2023, the Company appointed Stephen Jones as the Company’s new Chief Financial Officer.

Departed

Brent Suen

Principal Accounting Officer

GoLogiq, Inc.

Filed: July 27, 2023, 7:59 PM ET

Previously, Brent Suen served as the Company’s Principal Accounting Officer. Mr. Suen will continue to serve as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Jones was appointed as Chief Financial Officer at GoLogiq, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 26, 2023, the Company appointed Stephen Jones as the Company’s new Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Brent Suen departed as Principal Accounting Officer at GoLogiq, Inc..

Role: Principal Accounting Officer

Exact text from the filing

Previously, Brent Suen served as the Company’s Principal Accounting Officer. Mr. Suen will continue to serve as a director of the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GoLogiq, Inc. entered into Share Exchange Agreement with Symplefy, Inc. and its shareholders valued at $15,000,000 (effective 2023-07-26).

Action: entry
Agreement: merger
Counterparty: Symplefy, Inc. and its shareholders
Value: $15,000,000
Effective: 2023-07-26

Exact text from the filing

On July 26, 2023, GoLogiq, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”), with Symplefy, Inc., a Delaware corporation (“Symplefy”) and the shareholders of Symplefy (the “Shareholders”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001575872-23-001242

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