ATW Tech Inc. (TSXV:ATW) signed of a letter of intent to acquire Semeon Analytics Inc. from Louis Lessard and others for CAD 3.7 million on September 30, 2020. Subject to some adjustments, the consideration price will be payable by the issuance to the vendors of 57.6 million shares. The purchase price may be adjusted with the issuance of a maximum of 1.5 additional shares, for an additional consideration of CAD 0.075 million. As part of the transaction, Louis Lessard will receive with the adjustment around 16.054 million shares and following closing, will be the ultimate shareholder of 8.4% of the outstanding shares of ATW Tech. Semeon will have paid all of its debts prior to the closing of the transaction. As at August 31, 2020, Semeon recorded assets of CAD 0.889 million and liabilities of CAD 1.05 million. The transaction is subject to approval from majority shareholders of ATW Tech and approval from TSX Venture Exchange. The transaction is approved by the Independent Directors of ATW Tech. The transaction is expected to close on or around October 23, 2020. As of October 23, 2020, ATW Tech has postponed closing date of the acquisition in order to complete the due diligence of Semeon Analytics and to obtain the approval of the TSX Venture Exchange. ATW Tech now expects to close before November 20, 2020. ATW Tech Inc. (TSXV:ATW) completed the acquisiition of Semeon Analytics Inc. from Louis Lessard and others for CAD 3.8 million on November 9, 2020. As consideration, ATW Tech issued to the vendors of 59.1 million of its shares. In a related transaction, ATW Tech also closed its private placement with gross proceeds of CAD 1.5 million. As part of the transaction, Louis Lessard received, through a holding corporation, 16.02 million shares and, following closing, will be the ultimate shareholder of 8.4% of the outstanding shares of ATW Tech. The transaction is subject to the final approval of the TSX Venture Exchange. The transaction obtained the approval of a majority of ATW Tech's shareholders pursuant to the policies of the TSX Venture Exchange.