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United Kingdom

Datametrex To Acquire Semeon Analytics Inc


Friday, 23 Aug 2019 

Aug 23 (Reuters) - Datametrex AI Ltd ::DATAMETREX ANNOUNCES BINDING LOI TO ACQUIRE SEMEON ANALYTICS INC. AN AI COMPANY FOCUSED ON VOICE OF CUSTOMER.TRANSACTION IS EXPECTED TO CREATE SUBSTANTIAL SYNERGIES WITH CO'S PORTFOLIO COMPANY NEXALOGY.CO WILL ACQUIRE SEMEON FOR PURCHASE PRICE OF $3 MILLION PAYABLE BY COMBINATION OF CASH & COMMON SHARES OF DATAMETREX.CO INTENDS TO FUND CASH PORTION OF PURCHASE PRICE BY COMPLETING A NON-BROKERED PRIVATE PLACEMENT OF DEBT OR EQUITY SECURITIES.IN ADDITION TO PURCHASE PRICE, SHAREHOLDERS OF SEMEON WILL BE ENTITLED TO RECEIVE AN EARN-OUT BONUS PAYMENT OF UP TO $1.8 MILLION. 

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18 Sep 2019