WeCommerce Holdings Ltd. (“WeCommerce” or the “Company”) (TSXV: WE), a leading provider of ecommerce enablement software and tools for merchants, today announced that further to its acquisition of substantially all of the assets of Stamped.io Pte. Ltd. (“Stamped”) dated April 6, 2021, the contingent consideration (the “Contingent Consideration”) payable has been satisfied by the issuance of 1,241,742 Class A common shares of WeCommerce at a deemed price per share of C$25.43. The shares issued as Contingent Consideration are subject to a statutory hold period expiring on the date that is four months and one day after the date of issuance. After giving effect to the issuance, WeCommerce has 41,071,090 Class A common shares outstanding.
Also Read: Employees Missing out on Hyper-Personalized Digital Experiences: Applaud Report
Stamped is an ecommerce marketing platform that enables leading brands to accelerate growth, enhance customer engagement and improve conversion through its suite of products, including Reviews & Ratings and Loyalty & Rewards. Over 45,000 merchants trust Stamped to accelerate their business.
For more information, please visit the definitive agreement announcement and the closing announcement, dated March 5 and April 6 of 2021, respectively.
For more such updates follow us on Google News TalkCMO News.
