LONDON, UK: Unikmind Holdings Limited has announced the terms of its Increased and Final Offer for the acquisition of the entire issued and to be issued share capital of Kape Technologies not already held by Unikmind.
Under the terms of the offer, Kape shareholders will be entitled to receive US$3.60 in cash for each Kape share. The offer was raised from the original cash offer made by Unikmind to acquire the issued and to be issued share capital of Kape at a price of US$3.44 per share on February 13, 2023.
The founders of ExpressVPN, Daniel Pomerantz and Peter Burchhardt, and their connected persons, who hold in aggregate approximately 11.59 percent of Kape’s issued share capital, have committed to accept the Increased and Final Offer and vote in favor of a Delisting of Kape, if requested by Unikmind.
Additionally, the founders of Webselenese, Ariel Hochstadt and Ran Greenberg, who hold in aggregate approximately 1.33 percent of Kape’s issued share capital, have also provided irrevocable commitments to accept the Increased and Final Offer and vote in favor of a Delisting of Kape, if requested by Unikmind.
Unikmind believes that the Increased and Final Offer provides attractive liquidity and represents a compelling opportunity for Kape shareholders to realize the value of their holdings before Kape is potentially taken private.
The Increased and Final Offer is extended to all issued Kape Shares not held by Unikmind and any further Kape Shares that are unconditionally allotted or issued and fully paid before the offer closes.
Kape is a provider of digital privacy and security software, while Unikmind is a global provider of internet security and privacy software. The acquisition is expected to strengthen Unikmind’s position in the industry and provide additional value for shareholders.
The Unikmind Board is expected to continue discussions with Kape’s board of directors to finalize the acquisition and complete the deal.
Unikmind Holdings to acquire remaining share capital of Kape Technologies for $3.44/share