- FOBI AI (FOBI) has received TSXV approval for the acquisition of Qples
- FOBI will pay to Qples an aggregate total of US$3,151,385 primarily in common shares
- Qples can earn up to an additional $1M, based on asset derived revenue during calendar 2022
- With Qples, brands can deliver manufacturer-level digital coupons into any digital platform and track performance
- Fobi is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights to generate increased profits
- Fobi AI Stock (FOBI) opened trading at C$2.60 per share
FOBI AI (FOBI) has received TSXV approval for the acquisition of Qples.
FOBI will pay to Qples the aggregate purchase price of US$3,151,385 to be paid as follows: (i) US$2,120 in cash; and (ii) 1,222,551 common shares of FOBI.
Qples also has the opportunity to earn up to US$1,000,000 earn-out to be based on the revenue derived from the assets purchased from Qples during the calendar year 2022.
Qples can earn US$500,000 in shares if the asset-derived revenue meets or exceeds US$1,600,000 during calendar 2022 or US$1,000,000 in shares if the asset-derived revenue meets or exceeds US$3,200,000.
FOBI will loan Qples US$294,405.28 in order for it to repay an outstanding loan with the United States Small Business Administration.
With Qples, brands can deliver manufacturer-level digital coupons into any digital platform and track the coupon’s performance via detailed data and analytics.
Qples provides brands with data about the offers and the consumers such as name, gender, location, point of origin and much more. Qples provides a cost-effective way for brands and businesses to accurately market to consumers across social, local and mobile channels.
Fobi is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.