VSBLTY Groupe Technologies Corp. (CNSX:VSBY) signed a non-binding LOI to acquire Shelf Nine LLC on August 23, 2023. The companies expect to finalize their definitive agreement within the next 30 days once they complete their due diligence.

The acquisition is primarily a stock deal with the majority of the purchase being incentive stock based on Shelf Nine achieving certain revenue targets focused in the top 20 media markets over the next three years.