Wecommerce Announces Contingent Consideration Payment In Accordance With Acquisition Of Stamped
02/04/22, 10:06 PM
WeCommerce Holdings Ltd. (“WeCommerce” or the “Company”) (TSXV: WE), a leading provider of ecommerce enablement software and tools for merchants, today announced that further to its acquisition of substantially all of the assets of Stamped.io Pte. Ltd. (“Stamped”) dated April 6, 2021, the contingent consideration (the “Contingent Consideration”) payable has been satisfied by the issuance of 1,241,742 Class A common shares of WeCommerce at a deemed price per share of C$25.43. The shares issued as Contingent Consideration are subject to a statutory hold period expiring on the date that is four months and one day after the date of issuance. After giving effect to the issuance, WeCommerce has 41,071,090 Class A common shares outstanding.
Company Info
Company info
WeCommerce provides merchants with a suite of ecommerce software tools to start and grow their online store. Our family of companies and brands include Pixel Union, Out of the Sandbox, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. As one of Shopify’s first partners since 2010, WeCommerce is focused on building, acquiring and investing in leading technology businesses operating in the Shopify partner ecosystem.
For more about WeCommerce, please visit https://www.wecommerce.co/ or refer to the public disclosure documents available under WeCommerce’s SEDAR profile at www.sedar.com.