Costas, Inc. acquired Assets from Prime Dental Lab, LLC for $0.7 million.
Costas, Inc. (OTCPK:CSSI) completed the acquisition of Assets from Prime Dental Lab, LLC on August 31, 2022. The Purchase Price is $0.7 million. The Share Consideration of 750,000 Common Shares shall be issued and payable by the Costas to the Prime on the Closing Date. The Cash Consideration shall be payable in two equal instalments of seventy thousand dollars. The first Cash Instalment shall be paid by the Costas to the Prime no later than fifteen calendar days after receipt by the Costas of the Notice of Effect from the SEC of its Form S-1 filing. The second Cash Instalment of seventy thousand dollars shall be paid by the Costas to the Prime on the date that is no later than ninety calendar days subsequent to the payment of the First Cash Instalment.