OliveX Holdings Limited (NSX:OLX) Acquires Leading Gamified Fitness Company
Acquires Leading Gamified Fitness CompanySydney, Mar 5, 2021 AEST (ABN Newswire) - Digital health and fitness company OliveX Holdings Limited (
NSX:OLX) is pleased to advise that it has entered into a share purchase agreement (the Acquisition) for the acquisition of 100% of the issued shares of UK company Six to Start Limited (Six to Start) for an initial cash and share consideration equivalent to US$6,650,000 (~ A$8,482,000) and deferred, performance based, consideration in cash and shares of up to US$2,850,000 (~ A$3,635,000).
The key terms of the Acquisition are set out in the Schedule to this release.