Fobi Ai Inc (TSE:FOBI) has released an update.
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Fobi AI Inc., a leader in AI-driven digital transformation, has revised its asset purchase agreement with Wallet Communications SL, adjusting the terms for upfront and earn-out share considerations and assuming minor liabilities. The updated agreement outlines the issuance of over 476,000 common shares at CAD$0.088 each, with additional shares for earn-out, and closing is anticipated by April 30, 2024, pending TSX Venture Exchange approval. This follows the recent issuance of shares for the Passworks acquisition, demonstrating Fobi AI’s ongoing expansion efforts.
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