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Re: 10baggerz post# 307324

Monday, 09/14/2020 4:39:24 PM

Monday, September 14, 2020 4:39:24 PM

Post# of 716328
The amount from form D fits the details for Flashworks acquisition deal. Form D says it's for $2.6M worth of stock, Flashworks acquisition amount was to include $2.68M.

The acquisition of Flaskworks was executed and closed on August 28, 2020. The total purchase price was approximately $4.33 million, of which $1.65 million was paid in cash at closing, up to $2.01 million will be paid in stock subject to milestone-based vesting, and $0.67 million will be paid in either cash or stock, or a combination thereof, within 120 days after the closing.

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