Xcyte Digital Corp. (TSXV:XCYT) signed an asset purchase agreement acquire All of the Assets of Webinar.net from Webinar.net on May 1, 2024. The consideration for the Transaction is comprised of 1) 400 Multiple Voting Shares (each an "MV Share", each of which is convertible into ten thousand 10,000 Subordinate Voting Shares in the capital of the Parent each, an "SV Share"), 2) Contingent Value Rights of up to an 550 MV Shares, based upon Webinar attaining certain revenue and EBITDA milestones within four years of the Transaction closing, 3) 200,000, each of which will be exercisable into one SV Share at an exercise price of C$0.25 per SV Share for five years after the closing of the Transaction. Acquisition to be funded via Shares, Warrants, Contingent Value Rights, and Debt. The assets of Webinar.net being acquired generated $2.8 million annual revenue, 0.0343 million net income and EBITDA of $0.6 million for the twelve months ended December 31, 2023. Closing of the Transaction is expected to occur on or about May 24, 2024 and is subject to the satisfaction of customary closing conditions, including approval of the board of directors of the Company and The TSX Venture Exchange.

Xcyte Digital Corp. (TSXV:XCYT) completed the acquisition of All of the Assets of Webinar.net from Webinar.net on July 10, 2024.