mCloud Technologies Corp. (TSXV:MCLD) signed a letter of intent to acquire Construction Systems Associates, Inc. on January 11, 2018. mCloud Technologies Corp. signed the final binding Stock Purchase Agreement to acquire Construction Systems Associates, Inc. for $0.61 million on December 13, 2019. In accordance with the terms and conditions of the transaction, the consideration payable to the vendors for the acquisition of all outstanding stock of CSA was $0.5 million in cash and 380,210 common shares of the Company, which were issued upon closing. Additional cash payments of up to $1.25 million and up to $0.5 million worth of common shares of the Company may be made, upon certain earnout conditions being met.