Openn Negotiation Limited (ASX:OPN) entered into binding business sale and purchase agreement to acquire Proffer Group Pty Ltd for AUD 5 million on May 6, 2024. In consideration for the Acquisition, Openn has agreed to issue to the shareholders in Proffer 280,000,000 fully paid ordinary shares in the Company at a deemed issue price of AUD 0.00475 per Share and two tranches of 280,000,000 performance shares which will vest into ordinary shares on a 1:1 basis subject to the achievement of revenue-based criteria for 2024/25 and 2025/26 financial years. The transaction is subject to shareholder approval of Openn Negotiation.