Xcyte Digital Corp. (TSXV:XCYT) acquired Assets of A+ Conferencing LLC for $0.5 million on April 3, 2024. The consideration for the Transaction is comprised of a revenue share, whereby Xcyte will receive 70% of the gross revenue derived from the acquired business each quarter (subject to certain adjustments). This revenue share expires five (5) years from the signing of this agreement. Xcyte will make a cash payment of $300K at the closing of the Transaction (the "Closing") today. Xcyte will also execute a promissory note in the principal amount of $200K, which will be payable by Xcyte in four equal quarterly installments of $50K, commencing on July 1, 2024 to the Seller. Acquisition to be funded via existing cash on hand. During the twelve months ended December 31, 2023, A+ generated $1.4 million in revenue and approximately $207K in normalized EBITDA1 (unaudited).

Xcyte Digital Corp. (TSXV:XCYT) completed the acquisition of Assets of A+ Conferencing LLC on April 3, 2024.