AcquisitionsApr 27, 2026, 09:02 AM
RPGL to acquire 10% of NVC Partners for $8M
AI Summary
Republic Power Group Ltd (RPGL) has entered into a Sale and Purchase Agreement with NVTH Limited to acquire 10% of NVC Partners Limited. The total consideration for the shares and related technology services is US$8,000,000, payable in installments by June 15, 2026. NVC Partners Limited is engaged in software development for digital assets trading. The transaction is subject to customary conditions precedent and is expected to complete by June 30, 2026.
Key Highlights
- RPGL to acquire 10% of NVC Partners Limited from NVTH Limited.
- Total consideration for the shares and technology services is US$8,000,000.
- NVC Partners Limited specializes in software development for digital assets trading.
- First payment of US$3,200,000 due by April 10, 2026.
- Subsequent payments of US$2,400,000 due by May 15, 2026, and June 15, 2026.
- Completion is subject to fulfillment or waiver of conditions precedent.
- The Long Stop Date for the agreement is June 30, 2026.