https://www.animocabrands.com/acquires-indie-game-developer-blowf...

https://www.animocabrands.com/acquires-indie-game-developer-blowfish-studios
Acquisition detailsAnimoca Brands Limited has acquired 100% of the issued capital of Fugu Raw Pty Ltd (“Blowfish Studios”) for an upfront consideration of A$9 million, consisting of A$4 million in cash and A$5 million in fully paid ordinary shares of Animoca Brands. Additionally, conditional on the continued employment at Blowfish of Messrs Benjamin Lee and Aaron Grove for two years following the acquisition, up to A$1 million in cash and A$5 million in shares will be paid. Finally, the acquisition includes performance-based earnout payments of up to A$20 million based on the achievement of certain profitability targets in 2022 and 2023. For all purposes related to this acquisition, shares of Animoca Brands are priced at A$1.10 each.