- DGTL Holdings (DGTL) has signed a merger agreement with Engagement Labs
- DGTL will acquire all issued and outstanding common shares of Engagement Labs by way of a statutory plan of arrangement
- Engagement Labs shareholders will receive common shares of DGTL
- The board of directors of DGTL, and the board of directors of Engagement have both unanimously approved the proposed arrangement
- It is expected that the arrangement would close in the fourth quarter of 2021
- DGTL Holdings is unchanged, trading at $0.34 at 3:04 pm ET
DGTL Holdings (DGTL) has signed a merger agreement with Engagement Labs.
DGTL is acquiring all issued and outstanding common shares of Engagement Labs by way of a statutory plan of arrangement.
Engagement Labs shareholders will receive common shares of DGTL on the basis of an exchange ratio that results in the current holders of company shares receiving an aggregate of 5,320,000 purchaser shares.
Each Engagement Labs shareholder is expected to receive 0.1136 of a DGTL share in exchange for each share held.
Once the transaction closes, it is expected that DGTL will have 43,558,125 shares issued and outstanding on a non-diluted basis, as compared to 37,958,125 shares before the deal.
The board of directors of DGTL, and the board of directors of EL have both unanimously approved the proposed Arrangement.
DGTL Holdings acquires and accelerates transformative digital media, marketing and advertising software technologies, powered by Artificial Intelligence.
Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.
If approved, it is expected that the arrangement would close in the fourth quarter of 2021.
DGTL Holdings (DGTL) is unchanged, trading at $0.34 at 3:04 pm ET.
