BULLETIN V2024-0389
EMERGE COMMERCE LTD. ("ECOM")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: February 06, 2024
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an arm's length share purchase agreement dated January 23, 2024 and an amendment dated January 31, 2024 (together, "the Agreement"), between Emerge Commerce Ltd. (the "Company") and Tiny Fund I, LP (the "Purchaser"). Pursuant to the Agreement, the Purchaser has acquired a 100% interest in the Company's indirect wholly-owned subsidiary, Retail Store Networks, Inc. (dba, WholesalePet.com) (the "Target").
As consideration, the Purchaser has paid aggregate cash consideration of USD$9,250,000 to the Company's wholly-owned subsidiary, Emerge US Holdings LLC, subject to certain closing and post-closing adjustments, payments and obligations.
For further details, please refer to the Company's news releases dated January 24, 2024 and January 31, 2024.
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