DeepMatter Group Plc (AIM:DMTR) acquired ChemIntelligence SAS for €0.49 million on June 28, 2022. The consideration will be payable in three tranches. The initial consideration will comprise the issue to the vendor of ChemIntelligence 23,333,334 Ordinary Shares and A maximum of 186,666,666 additional Ordinary Shares will be issued to the Vendor depending on both the share price performance of Deepmatter and the financial performance of ChemIntelligence for the year ended December 31, 2022 and the year ended December 31, 2023. The vendor has agreed to lock up provisions covering 24 months after the issue of Ordinary Shares via the Initial Consideration and 24 months after the earliest issue date of the Deferred Consideration. Deepmatter has the option to make any of the Consideration payable in cash. The vendor has agreed to lock up provisions covering 24 months after the issue of Ordinary Shares via the Initial Consideration and 24 months after the earliest issue date of the Deferred Consideration. ChemIntelligence unaudited revenue for the financial year ended 31 December 2021 was €0.12 million, with profit before tax of €0.02 million. The gross assets of ChemIntelligence as at December 31, 2021 were €0.12 million. Bobbie Hilliam of Canaccord Genuity Limited acted as Nominated Advisor and Broker.

DeepMatter Group Plc (AIM:DMTR) completed the acquisition of ChemIntelligence SAS on June 28, 2022.