beaconsmind AG (ENXTPA:MLBMD) agreed to acquire Socialwave GmbH for €10 million on March 31, 2023. The purchase price of €10 million will be financed through a mixture of low-coupon debt from a local Sparkasse, cash at hand from the recent capital increase and 350,000 newly issued beaconsmind shares issued to the founders of Socialwave. The newly issued shares are locked up for 6-12 months. The transaction is expected to close end of April with full access to cash flows and consolidation of all FREDERIX and Socialwave financials going forward. Through the transaction both founders and managing Directors of Socialwave will become shareholders of beaconsmind with a long-term lockup on the newly issued shares. Felix Schönfelder, Founder and CFO will continue to serve as Managing Director for Socialwave reporting to Jonathan Sauppe and Michael Ambros. The company has currently run rate sales revenues of €4.5 million and around €1.8 million EBITDA.

beaconsmind AG (ENXTPA:MLBMD) completed the acquisition of Socialwave GmbH on April 21, 2023.