Kiliaro AB (publ) (OM:KILI) agreed to acquire Sosyopix for €5.1 million on March 13, 2023. Under the terms of agreement, Kiliaro will pay €5.225178 million in which 81% of the consideration will be paid in cash and 19% by issuing 6.200446 million new shares. The Cash Consideration will be paid to the sellers of Sosyopix over a period of 24 months from closing of the Acquisition. An additional earn out consideration based on Sosyopix EBITA for 2023, 2024 and 2025 with a maximum amount of €2.125 may also become payable in parts in connection to the EBITA for each period being established. The cash part will be financed through a mix of existing funds and a partially guaranteed rights issue. In 2022, Sosyopix had turnover of approximately €2.72 million (SEK 30.5 million) and EBIDTA of approximately €0.49 million (SEK 5.5 million).

The closing of the acquisition is expected to take place on or about May 12, 2023 and is conditioned upon that the Kiliaro's shareholders approve the board of directors' decision to issue the consideration shares and that Kiliaro has secured the financing of the cash consideration. BDO Denet Bagimsiz Denetim Yeminli Mali Müsavirlik A.S. and Boden Law acted as due diligence provider to Kiliaro. Advokatfirman Delphi KB and Boden Law acted as legal advisor to Kiliaro.