Ann: Wizdom Achieves Earn-Out, page-8

Thanks VS. The original announcement was a maximum total purchase price of $47.6m ($33.7m in shares, $13.9m in cash). This consisted of $28m upfront ($19m via 49.7m shares at 38.4c and $9m in cash) and a deferred earn-out of $4.9m cash and $14.7m in shares.

The total purchase price for Wizdom has ended up at $44m with a reduced earn-out of $16m. So you're right. But I think this is good negotiating by LVT and it has resulted in a very attractive acquisition arr multiple of 2.9x despite the small shortfall in targeted arr growth.