Smart Eye AB (publ) (OM:SEYE) entered into an agreement to acquire Affectiva, Inc. for $74.8 million on May 25, 2021. Under the terms, Smart Eye AB (publ) will issues a total of 2.35 million shares of which 2.01 million shares are to issued by closing of transaction, 0.34 million shares are to be issued in two tranches; first tranche of 0.08 million shares will be issued one year after the closing of transaction and 0.25 million shares will be issued two years after the closing of transaction and remaining would be paid in cash of $6 million after the closing of transaction. All of Affectiva's employees, including Co-Founder and Chief Executive Rana el Kaliouby, will join the Smart Eye team. The revenues of Affectiva has reported of $5 million for the period ended of March 31, 2021. The transaction is expected to close before the end of June 2021. Carnegie Investment Bank AB (publ) acted as financial advisor to Smart Eye. GCA Advisors, LLC acted as financial advisor to Affectiva, Inc. in the transaction.

Smart Eye AB (publ) (OM:SEYE) completed the acquisition of Affectiva, Inc. on June 23, 2021.