You clearly don't read do you? That acquisition of Vyapay was terminated, likely even months and months ago, but they formally just announced it the most recent 8K/A filing.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On April 6, 2018, Spindle, Inc. (the “Company”) entered into an asset purchase agreement (the “Agreement”) whereby the Company will acquire substantially all of the assets of a privately held payments processing company (the “Acquisition”). In connection with the Acquisition, certain management of the target company would join the Company as the CEO and CTO upon closing. The Acquisition is scheduled to close on or before May 15, 2018. The purchase price for the scheduled assets will be paid in four installments. There are three conditions precedent to closing: (1) a third-party valuation of the assets must be conducted and result in a minimum threshold, (2) two key employees of the target company must agree to employment agreements with the Company, and (3) the Company must have sufficient funds to make the initial payment installment. A third party has a right of first refusal on certain assets to be purchased for a period of 30 days. The Agreement is attached hereto as Exhibit 10.1 with certain confidential information omitted and submitted to the Securities and Exchange Commission with a confidential treatment request.
The three conditions precedent to closing did not occur so the Agreement has been terminated.
Now, the question is what do the want to spend all that money on instead? Possibly acquire something even better IMO. If you read the terms of the Vyapay agreement, there was something like $2M that was planned to acquire them. That money will get us something good in another opportunity.
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