The Agreement also provides for certain post-closing payments of up to $1,000,000 which shall be payable in Common Shares upon the Corporation achieving certain performance thresholds set out in the Agreement.
The acquisition of Vanado effectively expands Vogogo’s US operational presence in support of servicing the US market.
Vogogo CEO Geoff Gordon said of the announcement, "In addition to bringing several key resources into the Vogogo team, this acquisition expands our US operational presence allowing us to better support the US market."
