XPON Technologies Completes Datisan Sale
Key points
- XPON sold 100% of Datisan to Incubeta for $8.1 million
- Sale includes a contingent earn-out up to A$2 million
- Proceeds to repay loan facility and fund AI Marketing Platform
Full summary
XPON Technologies Group Limited has completed the sale of its subsidiary Datisan to Incubeta for $8.1 million. The sale includes a potential earn-out of up to A$2 million based on Datisan's gross profit. The proceeds will be used to repay an existing loan facility, with remaining funds allocated to the Wondaris AI Marketing Platform and potential acquisitions in the AI sector.
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