Source: Universal PropTech Inc.
  • Universal PropTech Inc. (UPI) has completed the sale of its wholly-owned subsidiary, VCI Controls, to Dexterra Group for $4.8 million
  • Holdback amounts totalling $980,000 have been deducted from the cash paid on closing and are subject to release
  • Universal PropTech is a Canada-based building innovation company
  • Universal Proptech Inc. (UPI) opened trading at C$0.05

Universal PropTech Inc. (UPI) has completed the previously-announced sale of its wholly-owned subsidiary, VCI Controls, to Dexterra Group Inc. (DXT).

The cash purchase price of approximately $4.8 million is subject to normal closing adjustments. Indemnity and employment holdback amounts totalling $980,000 have been deducted from the cash paid on closing and are subject to release under the terms of the agreement.

Universal PropTech is a Canada-based building innovation company selecting, integrating, deploying, and maintaining PropTech in healthy buildings.

Universal Proptech Inc. (UPI) opened trading at C$0.05.

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