The Social Chain AG
The Social Chain AG plans acquisition of majority stake in A4D Inc. based in Carlsbad, CA, USA
The Social Chain AG / Key word(s): Letter of Intent/Takeover Publication Pursuant to MAR Article 17 The Social Chain AG plans acquisition of majority stake in A4D Inc. based in Carlsbad, CA, USA Today, the Supervisory Board of the Company has approved the execution of the planned transaction in principle. The planned aquisition of a total of 51% of the share capital in A4d Inc. is to take place via a subsidiary based in the USA. The acquisition of the shares in A4d Inc. is to take place against payment of a purchase price in the low double-digit million range. The current CEO and sole shareholder of A4d Inc, Jason Akatiff, is to remain CEO of A4D after completion of the planned transaction. The closing of the transaction between the parties is currently scheduled for the end of May.
07-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | The Social Chain AG |
Gormannstraße 22 | |
10119 Berlin | |
Germany | |
Phone: | +49 (0)30 120840112 |
E-mail: | contact@socialchain.com |
Internet: | www.socialchain.com |
ISIN: | DE000A1YC996 |
WKN: | A1YC99 |
Listed: | Regulated Unofficial Market in Dusseldorf |
EQS News ID: | 1038585 |
End of Announcement | DGAP News Service |