NexTech AR Acquires Work From Home (WFH) Virtual Events Webcasting Live Streaming Software Company Jolokia [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
NEW YORK and TORONTO, April 30, 2020 (GLOBE NEWSWIRE) —NexTech AR SolutionsJolokiaThe transaction was an all stock purchase with an initial payment to Jolokia shareholders of 1 million common shares of NexTech AR Solutions in restricted stock at a deemed price of $1.00 USD ($1.38 CAD) per share. The terms included a 12 month earn out, if the platform generates up to $4million in additional revenue an additional $4mill in restricted stock can be issued.Pete Mastin, CEO of Jolokia comments, “With the integration of NexTech’s augmented reality holograms, our Inferno platform is well positioned as the most advanced Event Management and Digital Video Learning Platform in market today. Combining live broadcasting with Interactive Video, Artificial Intelligence and Holograms, corporations are now able to rapidly deliver immersive, engaging learning experiences anywhere.” He continues, “We are very excited to merge with NexTech AR as we believe the combination of our Inferno Platform with Nex
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