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
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