The acquisition was for an aggregate deemed purchase price of approximately USD 610,000, comprised of the issuance of 227,273 common shares in the capital of the company pursuant to a share purchase agreement. The agreement also provides for certain post-closing payments of up to USD 1,000,000.
The acquisition of Vanado expands Vogogo’s US operational presence in support of servicing the US market.
Vogogo is a payment services company with integrated risk management and compliance. Founded in 2008, Vogogo designed, built and launched its web-based payment processing technology while growing its expertise in software development, payments, risk management, compliance and related financial services.
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