We will be receiving cash upfront and AR9 shares up to $1m for any contracts received by AR9 as at march 2022 from the acquired business.
Increasing cash position (we were already cashed up), decreasing expenses and creating a leaner, meaner business to focus on our only meaningful revenue stream that was already growing rapidly. Massive win for us.
I seriously think CPT is beginning to look like a mini TNT if they keep making good moves like this. I was invested in TNT much earlier and made close to 10x selling late last year. I love good cybersecurity businesses and CPT looks like it's turning around beautifully.
CPT has previously indicated they could utilise funds to acquire more businesses and if it's the same calibre as Brace168 we would all be cheering. Very early days for this new strategic direction and the MC is too cheap on all metrics.
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