Ackroo Inc. (TSXV:AKR) entered into an agreement to acquire Assets of GiftFly LLC for $0.8 million on November 23, 2023. Total consideration for the acquisition will be $0.75 million, which will be satisfied through a cash payment of $0.35 million on closing and a further four monthly cash payments of $0.10 million commencing on January 5, 2024 with the fourth and final payment subject to adjustment based on revenue achieved from the GiftFly gift card business. The transaction is expected to close on November 30, 2023.

Ackroo Inc. (TSXV:AKR) completed the acquisition of Assets of GiftFly LLC on December 1, 2023.