Neptune Wellness Shares Jump Premarket With Move to Buy Datasys

Dow Jones2023-11-20

By Robb M. Stewart

Neptune Wellness Solutions' shares rallied ahead of the opening bell Monday after the consumer-packaged goods company moved to buy data-marketing and artificial intelligence firm Datasys Group for about $112 million.

In premarket trading, the shares were 56% higher after ending Friday at 68 cents on Nasdaq, down 95% so far this year.

The Quebec company said it entered into a non-binding letter of intent to acquire Datasys and affiliated companies for $20 million in cash, $32 million in restricted equity, a five-year $31 million seller note secured by the assets of Datasys, and an earn-out payment ranging from $5 million to $22 million, subject to Datasys hitting 2024 earnings thresholds.

Neptune said Datasys' clients include Microsoft, Ford, Mastercard and Honda. For 2022, Datasys revenue was $25.2 million.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 20, 2023 08:31 ET (13:31 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\n  Neptune Wellness Solutions' shares rallied ahead of the opening bell Monday after the consumer-packaged goods company moved to buy data-marketing and artificial ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4528","symbol_name":"SaaS概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2384255956","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2384255956","pubTimestamp":1700487060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Neptune Wellness Solutions' shares rallied ahead of the opening bell Monday after the consumer-packaged goods company moved to buy data-marketing and artificial intelligence firm Datasys Group for about $112 million.In premarket trading, the shares were 56% higher after ending Friday at 68 cents on Nasdaq, down 95% so far this year.The Quebec company said it entered into a non-binding letter of intent to acquire Datasys and affiliated companies for $20 million in cash, $32 million in restricted equity,  a five-year $31 million seller note secured by the assets of Datasys, and an earn-out payment ranging from $5 million to $22 million, subject to Datasys hitting 2024 earnings thresholds.Neptune said Datasys' clients include Microsoft, Ford, Mastercard and Honda. 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Stewart \n\n\n \n\n\n  Neptune Wellness Solutions' shares rallied ahead of the opening bell Monday after the consumer-packaged goods company moved to buy data-marketing and artificial intelligence firm Datasys Group for about $112 million. \n\n\n  In premarket trading, the shares were 56% higher after ending Friday at 68 cents on Nasdaq, down 95% so far this year. \n\n\n  The Quebec company said it entered into a non-binding letter of intent to acquire Datasys and affiliated companies for $20 million in cash, $32 million in restricted equity,  a five-year $31 million seller note secured by the assets of Datasys, and an earn-out payment ranging from $5 million to $22 million, subject to Datasys hitting 2024 earnings thresholds. \n\n\n  Neptune said Datasys' clients include Microsoft, Ford, Mastercard and Honda. For 2022, Datasys revenue was $25.2 million. \n\n\n \n\n\n  Write to Robb M. 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