Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Conditions of the earn-out: The maximum amount potentially payable under the performance-based earn- out is approximately $10 million and would be payable in cash or
Conditions of the earn-out: The maximum amount potentially payable under the performance-based earn- out is approximately $10 million and would be payable in cash or common stock. The earn-out payments are contingent upon Bluer achieving certain net revenue, gross profit margin, and active user targets. Earn-out payments would be payable if the targets are achieved over any four-quarter period commencing on January 1, 2023 through June 30, 2026. Additional bonus earn-out payments of up to an aggregate of approximately $386 million would be payable if Bluer exceeds the targets during calendar year 2024. The probability of achieving all of these targets has been assessed at 20%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started