Concorde International Group acquires assets of Software Risk

* Concorde International Group (NASDAQ:CIGL [https://seekingalpha.com/symbol/CIGL]) said on Friday its wholly owned subsidiary, Concorde International Group Pte ((Concorde Singapore)) to acquire the assets of Software Risk, a cloud-based software-as-a-service ((SaaS)) platform.
* Under the terms of the agreement, Concorde Singapore will acquire the Software Risk assets for a total consideration comprising a cash payment of A$50,000 and 100,000 restricted Class A ordinary shares of the company, subject to a 12-month lock-up, as well as a 10% revenue share from income generated through the Software Risk platform in the Australian market for a period of 12 months.
* CIGL +3.19% premarket to $3.88.
* Source: Press Release [https://seekingalpha.com/pr/20230620-concorde-international-group-acquires-assets-of-software-risk-a-centralized-facilities]

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