Spartan if you read the consideration for the acquisition last year you’ll see their is a belief in performance part of the acquisition. Youll read half the agreement is 17 cents, which means they believe the value of the company will go past this stock price.
InnerScope Hearing Technologies will acquire HearingAssist for a gross consideration of $10 million, comprised of InnerScope restricted shares, subject to a 24-month leak out agreement. The restricted shares will be comprised of two distinct tranches – the first tranche of $5 million will be issued at a fixed price of $0.0089 per share while the second tranche of $5 million will be priced at $0.17 per share, valuing InnerScope at over $1 billion. Moreover, the leak out agreement will restrict shareholders to converting and selling a maximum of 25% of the awarded shares in any given 6-month interval, commencing from the closing day of the acquisition.
News 
Market Data 
Discover 
AI
