Item 2.01 Completion of Acquisition or Disposition of Assets.
On January 8, 2021, ServiceNow Canada Inc., a subsidiary of ServiceNow, Inc.
("ServiceNow") completed the acquisition of all of the issued and outstanding
equity interests of Element AI Inc. ("Element"), a Canadian company and provider
of artificial intelligence capabilities (the "Acquisition"), pursuant to an
Arrangement Agreement dated November 28, 2020 by and among ServiceNow and
Element. The aggregate consideration payable at the closing was approximately
$230 million, subject to customary purchase price adjustments.
In connection with the Acquisition, ServiceNow obtained from the U.S. Securities
and Exchange Commission, pursuant to its authority under Rule 3-13 under
Regulation S-X, a waiver from the requirements of Rule 3-05 and Article 11 of
Regulation S-X to provide certain financial statements of Element and pro forma
financial information related to the Acquisition. As a result, ServiceNow will
not provide such financial statements and information under Item 9.01 of Form
8-K.
Item 9.01 Exhibits.
(d) Exhibits.
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded
within the Inline XBRL document
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses