Intema Signs LOI to Acquire Advertiise Technologies Inc.

April 14, 2021

Intema Solutions Inc. (TSXV: ITM) signed a letter of intent to acquire all issued and outstanding securities of Advertiise Technologies Inc., a global online advertising marketplace that uses SaaS, blockchain and AI technologies. The deal consideration includes 2 million common shares and up to CA$2.0 million in earnouts tied to revenue targets; Intema expects the acquisition to complement its eFlyerMaker and HypeX.gg marketing services and be accretive to revenues.

Buyers
Intema Solutions Inc.
Targets
Advertiise Technologies Inc.
Location
Canada
Transaction Type
Buyout

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