Fobi AI Fine-Tunes Acquisition Deal with WalletCom

Fobi Ai Inc (TSE:FOBI) has released an update.

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.

For further insights into TSE:FOBI stock, check out TipRanks’ Stock Analysis page.