Infobird has completed the acquisition of 97% equity stake in Pure Tech Global Limited on December 20, 2024. The transaction value totals $25.8 million, comprising $19.8 million in cash and a $5.95 million senior convertible note.The convertible note carries a 5% annual interest rate and matures in 24 months. The note features a 15% original issue discount and allows holders to convert into ordinary shares at a 40% discount to the lowest 30-day closing price, with a minimum conversion price of $0.4. If prepaid, the company must pay a 15% premium on the outstanding balance.The convertible note issuance was executed under Section 4(a)(2) of the Securities Act exemption. This strategic acquisition marks a significant expansion of Infobird's business portfolio, positioning the company for potential growth in new market segments.

Infobird has completed the acquisition of 97% equity stake in Pure Tech Global Limited on December 20, 2024. The transaction value totals $25.8 million, comprising $19.8 million in cash and a $5.95 million senior convertible note.The convertible note carries a 5% annual interest rate and matures in 24 months. The note features a 15% original issue discount and allows holders to convert into ordinary shares at a 40% discount to the lowest 30-day closing price, with a minimum conversion price of $0.4. If prepaid, the company must pay a 15% premium on the outstanding balance.The convertible note issuance was executed under Section 4(a)(2) of the Securities Act exemption. This strategic acquisition marks a significant expansion of Infobird's business portfolio, positioning the company for potential growth in new market segments.