Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC [Yahoo! Finance]
Lesaka Technologies, Inc. (LSAK)
Company Research
Source: Yahoo! Finance
agreement to acquire Adumo RF (Pty) Ltd (“Adumo”) for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common stock to Adumo's current ultimate shareholders plus ZAR 232 million ($12.5 million) in cash, funded by internal cash resources and external financing. Adumo's ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF) Pty Ltd (“Crossfin”), as well as the International Finance Corporation and Adumo management. After giving effect to the acquisition, Lesaka's ecosystem will serve 1.7 million active consumers, 119,000 merchants, and process over ZAR 250 billion in throughput (ZAR 40 billion card, ZAR 100 billion VAS a
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LSAK
News
- Lesaka Technologies, Inc. (NASDAQ:LSAK) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kuehn Law Encourages LSAK, PRFT, SLCA and ALE Investors to Contact Law FirmGlobeNewswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates LSAK, SLCAPR Newswire
- LESAKA TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Lesaka Technologies, Inc. - LSAKBusiness Wire
- Lesaka Q3 2024 Results: Lesaka continues to deliver improved profitability [Yahoo! Finance]Yahoo! Finance
LSAK
Earnings
- 5/8/24 - Beat
LSAK
Sec Filings
- 5/15/24 - Form 4
- 5/9/24 - Form DEFA14A
- 5/8/24 - Form 10-Q
- LSAK's page on the SEC website