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DeepSpatial Inc. Announces Closing of Acquisition of Loc8 Corp. and Sale of Grapevine and Payment of Dividend


DeepSpatial Inc. Announces Closing of Acquisition of Loc8 Corp. and Sale of Grapevine and Payment of Dividend
DeepSpatial or the
Company ) is pleased to announce that it has closed its previously announced transaction (the
Transaction ) which involved: (i) the acquisition of all of the issued and outstanding securities in the capital of Loc8 Corp. (now named DeepSpatial (Ontario) Inc.) (
Loc8 ) by way of a three cornered amalgamation, pursuant to which, a wholly-owned subsidiary of the Company amalgamated with Loc8 (the
Loc8 Acquisition ); (ii) the sale of Grapevine Analytics Inc. to RDH Inc. (a corporation controlled by the family of the late John Pennal); and (iii) immediately prior to completion of the Loc8 Acquisition, the consolidation of the common shares of the Company (the ....

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