ATW Tech Inc. (TSXV:ATW) entered into LOI to acquire Lanla inc. for CAD 10.5 million on April 5, 2024. The closing date of the Transaction is currently set to be no later than July 1, 2024. The Purchase Price Base is CAD 7,500,000, consisting of a combination of (i) CAD 3,000,000 in cash and an additional purchase price of up to CAD 3,000,000 in cash and/or common shares of ATW payable upon achievement of certain objectives, (ii) the issuance on the Closing Date of a number of Shares having an aggregate value of CAD 2,500,000, subject to the minimum requirements required by the regulators and the TSX Venture Exchange and (iii) the issuance of convertible debentures to each of the Vendors, in proportion to their ownership of common shares of Publipage, for an aggregate amount of CAD 2,000,000, non-interest-bearing with a maturity date up to 18 months.

The closing of the Transaction and final determination of the purchase price also remain subject to ATW?s satisfactory completion of due diligence of the Target; the negotiation of a definitive agreement and other final documentation; corporate and regulatory approvals, including the approval of the TSXV. The transaction is expected to close no later than July 1, 2024.