Gratifii Limited (ASX:GTI) entered into a binding agreement to acquire Hachiko Pty Ltd. for AUD 3.59 million on August 11, 2022. The acquisition is funded via a mixture of a share placement of AUD 1.250 million, a convertible note of AUD 1.475 million and Gratifii scrip consideration with acquisition enterprise value of AUD 3.03 million, with cash on hand and net working capital adjustment of AUD 0.56 million. The consideration consists of Cash payment of AUD 2.14 million and Gratifii will issue 73.1 million shares out of this 53.8 million shares (subject to Shareholder approval) to be deferred for 12 months as security against any warranty and indemnity claims. The issued shares will be escrowed or deferred for 12 months post-completion. Hachiko's Chief Executive Officer, Donna Adam will join Gratifii's executive team. The acquisition is expected to complete on August 22, 2022. Thomson Geer acted as legal adviser to Gratifii Limited (ASX:GTI).