Sociallite US AB (publ) (DB:8450) acquired High End Media Group Ab for SEK 5 million on February 1, 2024. A cash consideration of SEK 2 million will be paid by Sociallite US AB (publ). The consideration consists of common equity of Sociallite US AB (publ) having a value of SEK 2 million to be issued for common equity of High End Media Group Ab. Sociallite US AB (publ) will pay an earnout/contingent payment of SEK 1 million common equity. As part of consideration, SEK 5 million is paid towards common equity of High End Media Group Ab. The transaction will be financed through senior debt of SEK 2.5 million.

Sociallite US AB (publ) (DB:8450) completed the acquisition of High End Media Group Ab on February 1, 2024.