Megaport (ASX:MP1) has completed the acquisition of Latitude.sh, according to a Thursday filing with the Australian bourse.
On Nov. 11, the company had agreed to acquire the Compute-as-a-Service company for an upfront consideration of $150 million and a contingent consideration of $150 million, via an AU$200 million institutional placement. It also said it would raise AU$20 million share purchase plan (SPP).
The SPP remains ongoing and is expected to close on Dec.4, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.