Since [INUV's] last earnings release, we have signed a number of significant new brands as IntentKey customers, including a top three insurer; the preeminent brand in audio; a leading online marketplace and a world-renowned research hospital. These companies can do business with anybody, they chose Inuvo.
CPT clients include: Walmart, Costco, BestBuy, Dish and many more.
Inuvo shareholders would own approximately 29% of that combined company before any dilution from financing. This total consideration translates into $0.45 per Inuvo share in cash and an estimated $1.77 per Inuvo share in equity. The equity component of the valuation was based on ConversionPoints most recent 2018 equity funding, which valued ConversionPoint’s common shares at $9.21 per share for a total estimated equity valuation for ConversionPoint of $146 million.
We are in the process of preparing to file a Form-S4 with the SEC to register the shares of common stock issued in the acquisition and we intend to file listing applications with both the NASDAQ Capital Market and TORONTO stock exchanges for the Holding Company shares.
I am obviously NOT an investment advisor.
Recent INUV News
- Inuvo CEO to Participate in Fireside Chat at the Maxim Group TMT Conference on June 5, 2024 • GlobeNewswire Inc. • 05/31/2024 12:30:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/07/2024 09:19:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 09:07:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 09:07:17 PM
- Inuvo Reports 44% Year-Over-Year Revenue Growth to $17.0 Million for the First Quarter of 2024 • GlobeNewswire Inc. • 05/07/2024 08:05:00 PM
- Inuvo to Host First Quarter 2024 Financial Results Conference Call on Tuesday, May 7th at 4:15 P.M. ET • GlobeNewswire Inc. • 05/01/2024 12:30:03 PM
- Inuvo Announces Enhancements to its Audience Discovery Portal • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- Inuvo Launches Enhanced IntentKey Insights Dashboard • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Inuvo to Present at the iAccess Alpha Buyside Best Ideas Spring Conference 2024 on March 12 • GlobeNewswire Inc. • 03/08/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:29:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 02:00:41 PM
- Inuvo Puts the Power of its AI in the Hands of Agencies and Brands • GlobeNewswire Inc. • 03/05/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 10:03:57 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 09:56:48 PM
- Inuvo Reports 21% Year-Over-Year Revenue Growth to $20.8 Million for the Fourth Quarter of 2023 • GlobeNewswire Inc. • 02/29/2024 09:05:00 PM
- Inuvo Now Provides Advertisers the Ability to Measure Performance of Netflix Ad Campaigns Across Programmatic Channels • GlobeNewswire Inc. • 02/27/2024 01:30:00 PM
- Inuvo to Host Fourth Quarter and Year End 2023 Financial Results Conference Call on Thursday, February 29th at 4:15 P.M. EST • GlobeNewswire Inc. • 02/21/2024 02:00:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:29:58 PM
- Inuvo Spotlights Market-Leading Customizable AI Capabilities for Precision Marketing • GlobeNewswire Inc. • 02/08/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 11:40:33 PM
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Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM