06:57:28 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Hire Technologies Inc
Symbol HIRE
Shares Issued 73,746,794
Close 2021-09-17 C$ 0.30
Market Cap C$ 22,124,038
Recent Sedar Documents

Hire Technologies acquisition of Leaders and Co.

2021-09-17 20:24 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation a share purchase agreement dated Aug. 5, 2021, between the company and the shareholders (the vendors) of Leaders and Co. Consulting in Governance and Leadership Inc. (Leaders and Co.). Pursuant to the terms of the agreement, the company will acquire all of the issued and outstanding shares of Leaders and Co. in return for an aggregate consideration of $4.4-million in cash payments, subject to customary adjustments, and will further issue 3,559,870 common shares (consideration shares) at a deemed price of 30.9 cents per common share to the vendors. The consideration shares will be subject to a 24-month lock-up agreement following the closing of this transaction.

In addition to the above consideration, an additional $1-million will be payable in cash to the vendors over a three-year term upon achieving certain financial thresholds.

Insider/pro group participation:  none

For further information, please reference the company's news releases dated Aug. 6, 2021, and Aug. 30, 2021.

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