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Grow Capital to Acquire Bombshell Technologies
Wednesday 22 May 2019

22 May 2019 - Nevada, US-based Grow Capital, Inc (OTC: GRWC), a real estate purchaser, developer and manager of specific-use industrial properties, has signed a letter of intent to acquire software development provider Bombshell Technologies, the company said.
By the LOI's terms, GRWC will acquire 100 % interest in Bombshell Technologies, with operations in both Nevada and Louisiana.
Under the terms of the LOI, Grow Capital, Inc will tender shares of its stock for Bombshell Technologies and provide a broad network to help Bombshell gain clients for its suite of software that helps financial services firms manage their practice.
Additional terms of the transaction were not disclosed.
A due diligence review is underway and a final determination regarding this acquisition is anticipated within weeks.
GRWC said signing this LOI with Bombshell Technologies is another step forward for GRWC, as it seeks to raise the value of the company.
Grow Capital, Inc is a publicly traded company listed under the symbol GRWC. Formally Grow Condos, the company has expanded into acquiring and developing the best professional technology and financial services companies.
Bombshell Technologies is a premier software development service provider with a focus on the financial services sector.
Bombshell's current software suite delivers customised back office compliance, sophisticated multi-pay commission processing, and revolutionised new client application submission system, along with digital engagement marketing services centric to financial services.
Details
Date Published: 22/05/2019
Target: Bombshell Technologies
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: Grow Capital, Inc
Comment:
Terms of the deal were not disclosed

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