trending Market Intelligence /marketintelligence/en/news-insights/trending/ZUxKDWvMOLcrSY2vWPNKVA2 content esgSubNav
In This List

Spindle closes acquisition of Catalyst Business Development assets

Blog

The evolving world of central bank digital currencies

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Spindle closes acquisition of Catalyst Business Development assets

Spindle Inc.on Oct. 23, 2015, completed the acquisitionof specific assets of Catalyst Business Development Inc., according to a Form 10-Kfiled March 30.

The completed acquisition was pursuant to an asset purchase , dated Sept. 14, 2015,by and between Spindle and Catalyst in exchange for 300,000 of Spindle's unregisteredcommon shares issued to the holders of Catalyst stock.

The consideration amounted to $75,000 using a fair value of 25cents per share at the closing date. The assets acquired include a white-labeledlicense of the Merchant Partners solution and various assets related to branding,marketing and sales. Spindle will continue to operate the gateway under the Catalystbrand.