WildBrain Ltd. (TSX:WILD) entered into an agreement to acquire House Of Cool Inc. for CAD 21.3 million on March 28, 2023. Closing consideration for the acquisition will consist of CAD 15.5 million, with CAD 10.25 million through the issuance of 4,479,406 WildBrain shares and CAD 5.25 million in cash (less any debt existing on closing and subject to customary working capital adjustments and holdbacks). Additionally, there is an earn-out of up to CAD 6 million based on collection of tax credits earned up to closing. The Share Consideration will be subject to the approval of the Toronto Stock Exchange and to a 12-month lock-up agreement and expected to close WildBrain fiscal 2023 fourth quarter. Wes Lui and Ricardo Curtis will be joining the WildBrain Studios's senior management team as Co-General Managers of House of Cool and will be reporting to Josh Scherba. House of Cool will maintain operations at its Toronto facility and The House of Cool brand will be maintained as a distinct identity under the WildBrain banner.

WildBrain Ltd. (TSX:WILD) completed the acquisition of House Of Cool Inc. on July 19, 2023.