Neptune Wellness stock surges after proposes to acquire Datasys for $112M

seekingalpha2023-11-20

Neptune Wellness Solutions (NASDAQ:NEPT) has entered into a non-binding letter of intent to acquire Datasys Group, Inc. and affiliated companies for a total potential consideration of $112 million. ...

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Sh","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4183":"个人用品"},"translate_title":"提议以1.12亿美元收购Datasys后，Neptune Wellness股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEPT":1},"content_text":"Neptune Wellness Solutions (NASDAQ:NEPT) has entered into a non-binding letter of intent to acquire Datasys Group, Inc. and affiliated companies for a total potential consideration of $112 million. Shares of NEPT were up 48.7% at $1.01 in early trading on Monday. Datasys is a leading data, analytics and digital media solutions provider with several proprietary data sets, multiple marketing channels and a robust marketing cloud. For 2022, Datasys generated revenues of $25.2 million and EBITDA of $9.1 million.  The total potential value consists of $20 million in cash upon closing, $32 million in restricted equity based on the Company's pre-closing share price on NASDAQ (with a minimum of 10 million shares) to be released over a period of 10-30 months, a 5-year $31 million PIK seller note with 7% interest, secured by Datasys' assets and payable in annual interest payments, and an earnout payment of $5 million to $22 million. The earnout payment is dependent on Datasys achieving 2024 EBITDA thresholds between $13 million and $16 million, potentially more. The Company will also pay any deferred consideration, ensuring a fair and equitable agreement for both parties. The proposed deal would be subject to shareholder approval and additional terms and conditions, including the need for the company to secure financing for the cash portion of the consideration and satisfactory due diligence by the respective parties. 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More on Neptune Wellness Solutions  Neptune Wellness Solutions prices $4.5M offering Neptune Wellness stock rises 8% on planned spinout of Sprout Organics stake Financial information for Neptune Wellness Solutions","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2384836551"}