On August 1, 2024, Collective Audience, Inc., a Delaware corporation listed on the Nasdaq Stock Market under the symbol CAUD, completed the acquisition of The Odyssey SAS, doing business as BeOp, a French company specializing in conversational advertising. The acquisition was finalized through a Share Exchange Agreement, resulting in BeOp becoming a wholly-owned subsidiary of Collective Audience. In exchange for the acquisition, Collective Audience issued 3,006,667 shares of restricted common stock to BeOp's shareholders, with a hold-back of 666,667 shares for potential indemnification claims. The sellers are subject to lock-up agreements restricting the sale of their shares for specified periods post-closing. Additionally, an earnout payment is contingent upon BeOp achieving its forecasted gross revenue and EBITDA for 2024 and 2025. The...Show More

On August 1, 2024, Collective Audience, Inc., a Delaware corporation listed on the Nasdaq Stock Market under the symbol CAUD, completed the acquisition of The Odyssey SAS, doing business as BeOp, a French company specializing in conversational advertising. The acquisition was finalized through a Share Exchange Agreement, resulting in BeOp becoming a wholly-owned subsidiary of Collective Audience. In exchange for the acquisition, Collective Audience issued 3,006,667 shares of restricted common stock to BeOp's shareholders, with a hold-back of 666,667 shares for potential indemnification claims. The sellers are subject to lock-up agreements restricting the sale of their shares for specified periods post-closing. Additionally, an earnout payment is contingent upon BeOp achieving its forecasted gross revenue and EBITDA for 2024 and 2025. The acquisition, which was subject to BeOp's debt restructuring proceedings in France, is expected to enhance Collective Audience's product offerings and market share, particularly in the U.S., and contribute to revenue growth and profitability. The transaction was announced in a press release on August 7, 2024, and further details will be disclosed in a Form 8-K filing with the SEC.