IGEN Networks Corp. (OTCPK:IGEN) signed a letter of intent to acquire 51% stake in Prolog for $1.1 million on January 13, 2023. The purchase will be in the form of IGEN common shares of approximately $0.9 to $1.1 million paid through multiple tranches based on achieving minimum revenue thresholds that will range from $1.8 million to $3.5 million over the first 12 months from closing of the definitive agreement.

IGEN Networks Corp. (OTCPK:IGEN) completed the acquisition of 51% stake in Prolog on January 13, 2023.