News: GTI Gratifii Says Enters Binding Agreement To Acquire 100% Stake In Hachiko

Aug 11 (Reuters) - Gratifii Ltd (GTI) :

• ACQUISITION OF HACHIKO AND CAPITAL RAISE
• ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF SHARES IN HACHIKO PTY LTD
• TOTAL ACQUISITION ENTERPRISE VALUE OF A$3.03M
• UPFRONT CASH CONSIDERATION FUNDED FROM SHARE PLACEMENT RAISING A$1.250M AND A CONVERTIBLE NOTE RAISE OF A$1.475M
• CASH CONSIDERATION OF A$2.14M
• ACQUISITION IS AT AN ATTRACTIVE ACQUISITION EV / FY22A EBITDA MULTIPLE OF 4.9X
• GRATIFII IS FORECAST TO BE CASHFLOW BREAKEVEN ON OPERATIONS POST-COMPLETION
• SHARE PLACEMENT TO RAISE A$1.250M AT A$0.018 PER SHARE FOR TOTAL ISSUE OF 69.4M NEW FULLY PAID ORDINARY SHARES