“We are extremely pleased to acquire Impact Mobile into the DealNet Capital group of companies,” stated Bob Cariglia, President and CEO of DealNet Capital Corp, in a press release. “This acquisition will complement and enhance our existing capabilities by providing a mobile-first communication platform that delivers voice, data and messaging services. We welcome the Impact team and look forward to their continuing contribution to the development of Impact Mobile as well as the overall success of DealNet Capital.”
The share purchase agreement (SPA) was signed on June 5th. The SPA terms required DealNet to issue at closing 5.5 million shares of the company, 1.5 million of which to be held in escrow, and $500,000 in cash to vendors.
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