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Locafy shares are trading lower. The company announced a definitive agreement to acquire the assets and customer base of Map Labs for cash consideration of up to $3 million.
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Locafy Agrees To Acquire Assets And Customer Base Of Map Labs For Total Potential Cash Consideration Of Up To $3M; Deal Expected To Add ~$2M In ARR And ~$900K In EBIT
Locafy Limited (NASDAQ:LCFY, LCFYW)) ("Locafy" or the "Company"), a global SaaS technology company specializing in location-based Search Engine Optimization (SEO) and Answer Engine Optimization (AEO),