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3.3¢ dubber corporation limited

Dubber.Dubber.Do., page-6589

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happydayz

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04/08/22

06:18

Post #: 62911132
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Originally posted by blackdekka: ↑

Dubber announcement 26-11-21
Speik was acquired by Dubber through the purchase of UK company, Aeriandi Ltd, as announced to
the ASX in December 2020. Under the acquisition agreement, the earn-out component of the
consideration was scheduled to be paid in mid-2022 subject to achievement of an agreed EBITDA
target and determined as multiples of specified revenue streams across the Speik business.

Based on initial Speik management forecasts, the earn out consideration was estimated at £10.3 million
(A$19.1 million at the present-day GBP/AUD exchange rate), with the cash component of the earn-out
capped at £8.8 million and the share component, which represents approx. 23% of the aggregate
earn-out payment, uncapped.

Based on current and projected forward performance, Speik will achieve anticipated earn out targets
in full and consequently the parties have agreed to bring forward the earn out payment to facilitate
enhanced integration of the Speik operations into Dubber, and redirect Speik management focus and
resources from achieving earn out goals to Dubber group-wide objectives.

The accelerated earn out payment has been agreed at approx. £9.6 million (A$17.8 million), with £1.15
million (A$2.13 million) to be paid in cash and the balance by way of the issue of 4,700,571 Dubber
shares at an issue price of $3.33 (being the 30-day VWAP of Dubber shares on ASX up to 19 November
2021). The accelerated payment represents a discount of approx. 7% on the original consideration.
Completion of the earn out payment and Dubber share issue is expected to occur within seven days.

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I first saw dubber a while back and couldn't believe the name of the company it stays in your mind Dubber, So I set a low price buy for Dubber, and low and behold I am now a happy Dubber holder.

After looking at the financials, of course, most BNPL companies are at a turnaround point.

DUB Price at posting: 67.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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Dubber.Dubber.Do., page-6589

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Sellers (Offers)

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Dubber.Dubber.Do., page-6589

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News