OrderYOYO A/S (CPSE:YOYO) signed an agreement to acquire Gustoco for DKK 8.8 million on November 24, 2023. OrderYOYO will acquire Gustoco in a transaction valuing Gustoco at DKK 8.8m, of which DKK 5.3m will be paid in newly issued OrderYOYO shares and the remaining DKK 3.5m will be paid in cash. The newly issued shares will be issued through a directed issue at closing of the transaction and will correspond to less than 1% of OrderYOYO?s share capital. Gustoco founder Phillip Lindemann will with his strong product profile continue in OrderYOYO as VP of Product. Closing is expected to occur on November 30, 2023. Jesper Skaarup Vestergaard of Grant Thornton,Statsautoriseret Revisionspartnerselskab acted as financial advisor to OrderYOYO in this transaction.

OrderYOYO A/S (CPSE:YOYO) completed the acquisition of Gustoco on November 30, 2023.