HotCopper Holdings (ASX: HOT) recently executed a share purchase agreement with Cherubim Investments Corp. to acquire Stockhouse Publishing by purchasing all outstanding shares in Cherubim Investment Corp, Stockhouse’s sole member, for a total price of roughly C$20million. The consideration for the proposed acquisition is being paid by HotCopper through a C$16 million cash payment upon completion; C$2 million through the issue of shares in HotCopper; a further C$1 million in cash payable six months from completion; as well as additional specified payments if Stockhouse’s financial statements for the year ended December 31, 2020 disclose revenue of C$10 million or more. Stockhouse is one of North America’s largest investor communities with over 1 million visitors a month. This acquisition enables both companies to deliver a greater suite of products and services to existing and potential new clients. “With this acquisition we will have the leading media position on two of the world’s largest stock exchanges. It’s a key step in delivering on our vision of a global financial news and investor relations platform for self-directed wealth,” HotCopper Managing Director Jag Sanger stated in the news release.
To view the full press release, visit http://nnw.fm/Wq96d
About HotCopper
HotCopper is Australia’s largest stock trading and investment internet discussion forum with over 250,000 registered members. HotCopper provides a FREE forum for enthusiastic investors to comment on a range of topics including listed companies and IPOs; stocks to buy and sell; share market trading; futures, derivatives, managed funds and foreign currency trading; ASX stock markets; foreign stock markets; politics, sport, betting and more. For more information, visit https://hotcopper.com.au/.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com