$HDUP this is exciting news:
HeadsUp Announces Steps to Closing Major Acquisition in Gaming Software Sector
PR Newswire
LAS VEGAS, Sept. 28, 2021
LAS VEGAS, Sept. 28, 2021 /PRNewswire/ - HeadsUp Entertainment International Inc. (OTC: HDUP.PK) is pleased to announce that management has been working on the acquisition of a major European based Gaming Software Development Company specializing in creating platforms for the lottery, online casino, charity fundraising and sports betting sectors.
Over the past 90 days HeadsUp has secured the rights to acquire all assets, licenses and contracts of the target company whose name can not yet be released as per NDA and disclosure requirements within the Agreements.
As per disclosure requirements as a public Company, today HeadsUp announces that an LOI, a Loan and Security Agreement and a preliminary Asset Purchase Agreement have been completed with a Due Diligence condition having now been met as the Parties move to the Definitive Agreement and Closing. To date, HeadsUp has forwarded approximately USD $1,000,000 towards this transaction.
The target acquisition operates under two entities based in Europe and are licensed in multiple international jurisdictions with contracts in place to provide leading edge software platforms. There are over 50 customers that range from national government contracts in the lottery sector to private gaming operators in the online casino and sports betting industry. After independent audits and private analyst reviews, it has been confirmed that the total value of contracts as part of this transaction are in excess of USD $180 million with revenues already being generated from multiple clients and acceleration of other new product launches.
