"In addition, Spenda will provide an additional payment capability to the Membership enabling them to make integrated card and account payments to Capricorn. Capricorn has agreed to waive its right to future revenue streams from the processing of these payments. The waiver of these rights is proposed to be satisfied with the issue of options"
Capricorn want a bigger share of Spenda, happy to waive future revenue from integrated card and account payments to Capricorn from members. Another big revenue stream for Spenda on top of swiftstatement licensing fee 1.4M & the targeted Sass fee from members (ARR of $18M, uptake target 50% by Sept 2025)
Things progressing along nicely with Capricorn, the wording of this announcement makes me believe there is future unknown deals to come with Capricorn.
SPX Price at posting:
1.2¢ Sentiment: None Disclosure: Held
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