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Impact Development Group Enters Into Term Sheet to Acquire Fusion

Impact Development Group Enters Into Term Sheet to Acquire Fusion

Impact Development Group簽署期貨協議以收購Fusion
newsfile ·  08/20 05:09

Impact's acquisition will expand its reach with an established footprint in the United States.

Impact的收購將擴大其在美國已有的業務版圖。

Toronto, Ontario--(Newsfile Corp. - August 19, 2024) - Impact Development Group Inc. (TSXV: IMPT) ("Impact Development Group", "IDG" or the "Company"), a leading Panamanian developer of affordable housing solutions, is pleased to announce that it has entered into a non-binding term sheet to acquire 100% of the issued and outstanding shares of Fusion Inc. ("Fusion"), a software company located in Ohio, the United States (the "Transaction").

安大略省多倫多--(新聞稿社 Newsfile Corp. - 2024年8月19日) - Impact Development Group Inc. (TSXV: IMPT) (「Impact Development Group」,「IDG」或「公司」)是一家領先的巴拿馬負責任房屋解決方案開發商,公司很高興地宣佈,已簽署一份非約束性條款表格,收購Fusion Inc.(「Fusion」),這是一家位於美國俄亥俄州的軟件公司(「交易」)的全部已發佈和流通的股票。

ACQUISITION OF FUSION INC.

收購FUSION INC.

IDG is pleased to announce the acquisition of Fusion, the creators of an innovative software platform designed to streamline the administration of Low-Income Housing Tax Credits ("LIHTC") for asset managers, developers and syndicators. This strategic acquisition marks a significant step in IDG's expansion into adjacent markets and revenue streams while leveraging over a decade of experience and in building affordable homes in Central America. Through the integration of Fusion's platform, IDG is better positioned to broaden its mission in promoting the development of affordable housing across a wider geographic area.

IDG非常高興地宣佈收購Fusion,Fusion是一家創造了創新軟件平台的公司,該平台旨在簡化Low-Income Housing Tax Credits(LIHTC)的管理。此次戰略性收購是IDG進軍建立收入流的相關市場的一大步,並利用在中美洲建造負責任的住房方面超過十年的經驗。通過整合Fusion的平台,IDG在推廣負責任的住房開發方面更具優勢和靈活性,並擴大了其地理範圍。

Fusion is a specialized software platform designed for the efficient management of LIHTC portfolios. Developed by asset managers for asset managers, Fusion simplifies the complex processes involved in LIHTC administration, from property construction to stabilization. The platform offers comprehensive tools for finance and compliance, data management, reporting, tax credit management, and property oversight, all within a single, user-friendly interface. Fusion enhances visibility, maximizes returns, and enables rapid scaling, making it an indispensable asset for organizations managing affordable housing investments.

Fusion是專門設計用於高效管理LIHTC組合的軟件平台。由資產管理人員爲資產管理人員開發,Fusion簡化了涉及LIHTC管理的複雜過程,從房地產施工到穩定的過程中。該平台提供了全面的金融和合規工具,數據管理、報告、稅收管理和房地產監督,所有這些功能都在單個,用戶友好的界面中。Fusion提高了可見度,最大化了回報,並使快速擴展成爲可能,這使其成爲管理負責任住房投資的重要資產。

By acquiring Fusion, IDG significantly enhances its ability to manage other mission-critical aspects of affordable housing development and positions IDG for continued expansion into other parts of the value chain. By integrating Fusion's robust platform, IDG can begin to offer a more comprehensive suite of services, enabling greater visibility over the development process and ensuring more efficient, scalable, and sustainable housing solutions.

通過收購Fusion,IDG顯著提高了管理負責任住房開發其他任務關鍵方面的能力,並使IDG繼續擴大其價值鏈中的其他部分。通過整合Fusion強大的平台,IDG可以開始提供更全面的服務套餐,增加對開發過程的可見度,並確保更高效、可擴展和可持續的住房解決方案。

"Acquiring Fusion is a strategic move that aligns perfectly with our mission to promote affordable housing opportunities. By integrating this powerful software, we can bring our expertise learned over years of developing homes in Panama to the U.S. market, ensuring more efficient LIHTC management and compliance. This acquisition allows us to leverage our core competencies, expand our geographic reach and diversify our revenue streams all while enhancing our ability to serve low-income families more effectively," commented Tom Wenz, IDG Chief Executive Officer.

「收購Fusion是一項戰略舉動,與我們推廣負責任房屋機會的使命非常契合。通過整合這個強大的軟件,我們可以將多年在巴拿馬建造房屋的經驗帶到美國市場,確保更高效的LIHTC管理和合規性。此次收購使我們能夠利用我們的核心競爭優勢,擴大我們的地理覆蓋範圍,多樣化我們的收入流,同時提高我們提供有效服務的能力,服務低收入家庭,」Tom Wenz,IDG首席執行官評價道。

TERMS OF THE TRANSACTION

交易條款

The Company has agreed to issue to Fusion, or shareholders of Fusion, an aggregate of:

公司已同意向Fusion或Fusion的股東發行以下證券的總計:

(a) 1,666,667 IDG common shares ("IDG Shares"), each issued at a deemed price of USD $3.00 (collectively, the "Consideration Shares");

(a) 1,666,667 IDG普通股(IDG Shares),每股發行價爲3.00美元(合共「代價股」);

(b) 1,166,668 IDG Shares (collectively, the "Earn-Out Shares"), conditional upon the satisfaction of revenue milestones on the first, second, and third year anniversaries of the closing of this Transaction; and

(b) 1,166,668 IDG股份(合共「業績股份」),條件是在交易完成後的第一、第二和第三個年度紀念日達成收入里程碑。

(c) 1,000,000 warrants, each exercisable by the holder for the purchase of one IDG Share at a price equal to the greater of (i) of USD$3.00; or (ii) the closing price of the IDG Shares on the closing date of the Transaction. If any of the revenue milestones are met after the applicable mandatory exercise date, then the warrants associated with such prior mandatory exercise date shall be required to be exercised within 15 days.

(c) 1,000,000認股權,每份認股權可由持有人以等於即將交易日的IDG股票收盤價的大者的價格行使購買一份IDG普通股票。如果任何收入里程碑在適用強制行使之後達成,那麼與此前強制行使日期相關的認股權應在15天內行使。

All securities issued pursuant to this Transaction will be subject to a hold period of four months and one day from the date of issuance.

根據本交易發行的所有證券均需標準爲股票發行日加4個月加1天的監管期。

Closing of this Transaction is subject to customary closing conditions as are standard for a Transaction of this nature, including, but not limited to (i) receipt of conditional approval from the TSXV; and (ii) receipt of all requisite corporate and shareholder consents and approvals.

此項交易的關閉取決於標準交易的常規關閉條件,包括但不限於:(i)從TSXV獲得有條件批准;以及(ii)收到所有必要的公司和股東同意和批准。

ACTIVITIES IN PANAMA

巴拿馬的經營活動

Following the appointment of new presidential leadership in Panama on July 1st, 2024, the Ministry of Housing and Land Management ("MIVIOT") commenced a comprehensive review of the Solidarity Fund Program (the "Program") governing subsidies issued in connection with home built for social interest purposes. Prior to the MIVIOT review, homes built under the Program for social interest purposes were eligible for a $10,000 subsidy, representing approximately 15% of the total purchase price, paid directly by MIVIOT to incentivize development and improve affordability for buyers.

在2024年7月1日巴拿馬新總統領導層任命後,住房和土地管理部(MIVIOT)開始全面審查圍繞社會利益目的建造的房屋配套補貼計劃(Solidarity Fund Program)”該計劃審查前,在該計劃下建造的社會利益房屋有資格獲得一筆1萬美元的補貼,這代表着總購買價格約15%。

While the Program is under review, MIVIOT has paused the issuance of all subsidies in connection with the building and delivery of new homes from July 1st, 2024. Homes that have received certification from MIVIOT prior to June 30, 2024, remain eligible for subsidy payments under the Program. As at August 1, 2024, the Company has 176 homes, either completed or under construction, in its inventory. All the 176 houses have received MIVIOT subsidy certification but are pending collection of subsidy payment on delivery. In addition, there are 40 homes that have been delivered during the year but are still pending receipt of subsidy payments. In total, there are 216 homes that remain at risk of not receiving the subsidy payments should MIVIOT permanently discontinue the Program following their review.

在該計劃審查期間,MIVIOT從2024年7月1日開始暫停從事所有與新住房建造和交付相關的補貼發放活動。在2024年6月30日之前已獲得MIVIOT認證的房屋在該計劃下仍有收到補貼的資格。截至2024年8月1日,公司庫存中有176套房屋,已經完成或正在建設中。所有176套房屋都已經獲得了MIVIOT補貼認證,但仍在等待交付時的補貼付款。此外,有40個房屋在當年已交付,但仍在等待補貼付款。總共有216套房屋在風險之中,如果MIVIOT在審查後永久終止該計劃,它們將不會收到補貼付款。

Following the recent development related to the Program, and pending further guidance from MIVIOT, IDG has reprioritized strategic objectives to focus on the delivery of existing inventory under construction. Subsequently, IDG has paused all planning and development activities related to Phase 8, Phase 6/7, and La Reserva 2 at the Santiago project.

在該計劃的最近進展之後,並在等待MIVIOT的進一步指導之際,IDG已重新確定其戰略目標,專注於交付正在施工的現有存貨。隨後,IDG暫停了與Santiago項目第8期、第6/7期和La Reserva 2相關的所有規劃和開發活動。

IDG's management is evaluating its future strategy and will provide an update once a strategy has been identified. The immediate impact of this change is not known and is still to be evaluated by IDG's management.

IDG的管理層正在評估其未來的戰略,並一旦確定戰略,將提供更新。這種變化的即刻影響尚不爲人所知,IDG的管理層也在對其進行評估。

ABOUT IMPACT DEVELOPMENT GROUP

關於IMPACT DEVELOPMENT GROUP

Impact Development Group is a Panamanian based real estate developer that provides affordable housing solutions to Panama's growing middle-class supported by a longstanding subsidized government program. The vision of IHC Panama is effectuated by a vertically integrated model which coordinates all services necessary to develop high-quality residential and commercial buildings, including land acquisition, financing, architectural, engineering, off-site manufacturing, general contracting, property management, and administration.

Impact Development Group是一家總部位於巴拿馬的房地產開發商,爲巴拿馬不斷增長的中產階級提供負責任的住房解決方案,得到一項長期的經過政府資助的計劃的支持。IHC Panama 的願景是通過垂直整合模式來實現的,該模式協調開發高質量住宅和商業建築的所有必要服務,包括土地收購、融資、建築、工程、生產、總承包、物業管理和管理。

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX Venture Exchange及其監管服務提供者(如TSX Venture Exchange的政策所定義的那樣)對此發佈的充分性或準確性不承擔任何責任。

For further information, please contact:

如需更多信息,請聯繫:丹·努恩(Dan Noone)

Tom Wenz, Director and CEO
Phone: + 1 (702) 329-8038
Email: twenz@ihcpanama.com

董事兼首席執行官 Tom Wenz
電話: + 1 (702) 329-8038
電子郵件: twenz@ihcpanama.com

FORWARD-LOOKING STATEMENTS

前瞻性聲明

This press release contains certain "forward-looking statements" that reflect the Company's current expectations and projections about its future results. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to the Company's business activities in Panama; the Company's plans to bring its expertise acquired in the Panamanian market into the US market; the Company's plans to expand its global reach; the Company's plans to utilize Fusion's software platform to expand into adjacent markets and revenue streams; and the Company's hopes of promoting the development of affordable housing across a wider geographic area.

本發佈可能含有「前瞻性聲明」,反映公司對未來業績的預期和展望。儘可能地,我們使用諸如「可能」,「將會」,「應該」,「有可能」,「預期」,「計劃」,「意圖」,「預測」,「相信」,「估計」,「潛力」或這些詞的否定或其它變形,或類似的措辭來確定這些前瞻性聲明。本發佈中的前瞻性聲明包括但不限於關於公司在巴拿馬的業務活動;公司計劃將在巴拿馬市場上獲得的專業知識引入美國市場的計劃;公司計劃擴大其全球影響力的計劃;公司計劃利用Fusion的軟件平台進入相鄰市場並提高營業收入的計劃;以及公司希望在更廣泛的地理區域促進可負擔房屋的發展的計劃。

The forward-looking statements, while considered reasonable by the Company, are inherently based upon assumptions that are subject to significant risks and uncertainties, including, but not limited to, the Company being able to carry out its business plan as contemplated in the term sheet; the Company's ability to continue receiving subsidies from the MIVOT as part of the Program; MIVIOT continuing to disburse subsidies representing approximately 15% of the total purchase price of homes built for social purposes in Panama; the Company continuing to plan and develop housing at the Santiago project related to Phase 8, 6/7, and La Reserva 2; the Company maintaining and retaining the intellectual property rights to the Fusion software platform; and the Company's plans to scale and develop more sustainable housing solutions in Central America and globally. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct.

儘管公司認爲前瞻性聲明合理,但是這些聲明在本質上是基於假設的,並受到重大風險和不確定性的影響,包括但不限於公司能否按照期貨合約中所預期的方案實施業務計劃,公司能否繼續獲得作爲計劃一部分從MIVOt獲得補貼的能力,MIVIOt繼續支付代表爲巴拿馬社會用途建造的住房總購買價格約15%的補貼,公司繼續規劃和開發與第8階段,第6/7階段以及La Reserva 2有關的聖地亞哥項目住房,公司繼續保留Fusion軟件平台的知識產權,公司計劃在中美洲和全球範圍內擴大和開發更多可持續住房解決方案。雖然公司認爲前瞻性聲明的預期是合理的,但他們無法保證任何前瞻性聲明的預期是完全正確的。

Such statements and information reflect the current view of the Company. Risks and uncertainties exist that may cause actual results to differ materially from those indicated or implied in the forward-looking statements and information. Such factors include, among others: the limited business history of the Company; the Company's reliance on key management; risks related to the Company's growth strategy, including that previous and future acquisitions do not meet expectations or potential acquisitions cannot be completed; dependence on and availability of third party financing; the business of the Company being subject to broader economic and political factors; disruptions or changes in the credit or security markets; financial results of the Company's operations; unanticipated costs and expenses; and general market and industry conditions.

此類聲明和信息反映了公司的當前觀點。存在可能導致實際結果與前瞻性聲明和信息中所示或暗示的結果不同的風險和不確定性。這樣的因素包括但不限於公司的商業歷史有限;公司依賴關鍵管理層;與公司的增長策略有關的風險,包括之前和將來的收購不符合預期或潛在的收購無法完成;依賴和可獲得的第三方融資;公司業務受到更廣泛的經濟和政治因素的影響;信用或安全市場的中斷或變化;公司經營的財務業績;未預料的成本和費用;以及一般市場和行業條件。

The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

本新聞發佈中包含的前瞻性信息代表公司的期望,截至本新聞發佈之日,因此,該信息可能會在該日期之後更改。讀者不應過分注重前瞻性信息,也不應依賴此信息作爲任何其他日期的信息。雖然公司可能選擇這樣做,但不承諾在任何特定時間更新此信息,除非依照適用法律的規定。

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

不得向美國新聞社發佈此新聞稿或在美國傳播。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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