#VELA investee #KNB Kanabo Group plc – Amendments to Acquisition Agreement May 16, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the acquisition of The GP Service Limited (the “GP Service”), as announced on 21 February 2022, and pursuant to a sale and purchase agreement (the “Agreement”), Kanabo was due to issue 12,574,931 Ordinary Shares to MEIF WM Debt LP (“MEIF”) in satisfaction of the MEIF loan. The Company negotiated with MEIF and agreed that in respect of the 12,574,931 Ordinary Shares due to be issued and sold by Kanabo to satisfy the MEIF loan,…

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