Boku gets $0.16m from Twilio after post-completion adjustment
Boku, Inc (DI) Reg S Cat 3/144A
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Mobile payment technology company Boku said on Wednesday that it has received $0.16m from Twilio.
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The AIM-traded firm said the $155,972 in cash was paid by Twilio, following a post-completion purchase price adjustment.
“Subject to the terms and conditions of the sale and purchase agreement, Boku expects to receive two further holdback payments up to $6.2m within 18 months post-completion,” the board said in its short announcement.
At 1213 BST, shares in Boku were up 2.04% at 100p.
Reporting by Josh White at Sharecast.com.