Looks like more good news coming this and similar companies way
Yes please, I have a load of these I’d love to move over to Freetrade
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Same, raise the request here
this went nuts on Friday, looks like the merger with SuperApps is close as per last rns. If that happens they’re due around £11m in payments plus shares in the new Nasdaq co (Oct 22 RNS)
“Following the completion of the Proposed Disposal, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise”
This is the original press release from last year when the SuperApps merger was announced…
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Transaction values Super Apps at an estimated pro forma enterprise value of $1.1 billion upon completion
With operations based in Malaysia, Super Apps will have a geographic advantage for expanding into the ASEAN market
Super Apps will partner with MobilityOne Sdn. Bhd., a fintech technology company in the payment systems market in Malaysia. Together with OneShop Retail, the combined company is position to be a leading payments systems provider in the ASEAN market
RNS Friday. TETE / Superapps merger being readied to vote on.
SEC document was filed - link below.
The terms are there for MBO in black and white. That’s double the current market cap in cash, and also shares worth $4m in the new Nasdaq co.
Seek and you shall find… be patient
https://www.sec.gov/Archives/edgar/data/1986694/000149315224002939/formf-4a.htm
Here:
Assumes 400,000 Contingent Shares to MobilityOne. Following the consummation of the share sale pursuant to the SSA, MobilityOne will receive cash payments of $8.8 million and $4.4 million from Super Apps within 14 days and 180 days, respectively, of completion of the Business Combination. As further consideration of MobilityOne’s undertakings and guarantee of achieving the Revenue Target, Super Apps shall cause TETE to issue part of the Contingent Shares to MobilityOne Limited (which is the parent of MobilityOne) with aggregate value of $4.4 million upon OneShop Retail achieving the Revenue Target. The Contingent Shares will be issued at a price of $10.00 per share. In the event that the Business Combination is consummated, but the Revenue Target is not achieved, the Share Sale will continue, but MobilityOne will not be entitled to the Contingent Shares.
