WeCommerce Holdings Ltd. (TSXV:WE) signed a definitive purchase agreement to acquire Kno Technologies Inc for $2.1 million on March 2, 2022. The consideration includes $1.9 million in cash and $0.2 million to be held in trust for 180 days. WeCommerce will also be required to make an earn-out based on revenue growth for the 18-month period after the deal closes. WeCommerce expects to fund the upfront consideration with cash on hand. The earn-out component, if achieved, is payable in cash, shares, or a mix thereof, at the Company's sole discretion. KnoCommerce will will operate as an independent brand within the WeCommerce portfolio and will be led by current CEO Jeremiah Prummer The transaction is subject to customary closing conditions, including TSXV approval, receipt of certain third-party consents and the other conditions set out in the purchase agreement. Subject to the satisfaction of such conditions, the acquisition is expected to close within the next 45 days

WeCommerce Holdings Ltd. (TSXV:WE) completed the acquisition of Kno Technologies Inc on March 10, 2022.