Lemonsoft Oyj (HLSE:LEMON) agreed to acquire Finvoicer Group Oy for ?9.5 million on June 1, 2023. The purchase price for the share capital of Finvoicer Group Oy is ?6.2 million. 97% of the purchase price is paid in cash and 3% in shares at closing. In addition, the parties have agreed on an additional purchase price based on Finvoicer?s financial results for 2023-2025. The additional purchase price amounts to a maximum of ?3.3 million and will be paid primarily in cash. As part of the acquisition, Lemonsoft will issue 23,986 new shares. The acquisition is partially financed with a loan of ?6.8 million. The current management and shareholders Tuomas Koivisto and Juha Juntikka will continue to work for Finvoicer, and Tuomas Koivisto will continue as Chief Executive Officer of Finvoicer Group.

Lemonsoft Oyj (HLSE:LEMON) completed the acquisition of Finvoicer Group Oy on June 1, 2023. As of February 15, 2024, the additional purchase prices to be paid to the sellers of Finvoicer Group Oy ("Sellers") based on the financial results of 2023 will be paid partly by directing a total of 17,986 Lemonsofts new shares to the Sellers, and partly by cash consideration. The subscription price of the shares is ?6.22 per share, based on the volume-weighted average price of Lemonsoft Oyjs share from 1 January to 31 January 2024. Thus, the value of the share consideration is approximately ?112,000 in total. Aktia Alexander Corporate Finance Oy is the certified adviser for Lemonsoft in this transaction.