As part of its strategic moves, Better Collective has reached an agreement to acquire Action without any cash or debt involvement.
The acquisition marks a significant strategic move for Better Collective, positioning them for further growth and expansion.
With this deal, Better Collective solidifies its position as a key player in the industry, enabling them to capitalize on new opportunities and strengthen their competitive advantage.
This strategic move affirms Better Collective’s commitment to staying ahead of market trends and continually seeking innovative ways to serve their customers.
By strategically acquiring a company of this magnitude, Better Collective demonstrates their ambition to become a dominant force in the industry and drive industry-wide consolidation.
This acquisition signifies a turning point for Better Collective, propelling them into a new phase of growth and setting the stage for future strategic moves.
Better Collective will finance most of the transaction with cash and $12.0m from the issuance of new shares.
The completion of the deal is anticipated by the conclusion of the second quarter of this year, contingent upon obtaining regulatory approvals.
