SYDNEY, AUSTRALIA: Camplify Holdings Limited (ASX: CHL), an Australian-based RV and camper sharing platform, has announced the completion of the acquisition of Mighway and SHAREaCAMPER from Tourism Holdings Limited (THL).
The final purchase price for the transaction is $7.37 million AUD, payable in CHL shares. The payment was divided into two tranches, with the first tranche of 1,059,162 CHL shares already issued to THL at an agreed share price of $3.34 on 29 April 2022.
The second tranche of 2,023,611 CHL shares was issued on 28 April 2023, based on the 60 day VWAP to the date prior to the issuance of the shares.
The Tranche Two shares will be under escrow for a period of six months. The acquisition of Mighway and SHAREaCAMPER is expected to strengthen Camplify’s position in the Australian and New Zealand markets, further expanding its reach in the RV and camper sharing industry.