Neptune wellness announces letter of intent to acquire leading data-marketing and artificial intelligence company, datasys, for total potential consideration of $112 million

Total potential consideration for the acquisition is a combination of cash, restricted equity, a pik seller note and a one-time earnout payment datasys generated revenues of $25.2 million and ebitda of $9.1 million in 2022 laval, qc , nov. 20, 2023 /prnewswire/ - neptune wellness solutions inc. ("neptune" or the "company") (nasdaq: nept), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced it has entered into a non-binding letter of intent ("loi") to acquire datasys group, inc., ("datasys") and affiliated companies. the non-binding loi establishes the framework for a potential transaction (the "proposed transaction") whereby neptune would acquire all the outstanding equity of datasys, subject to diligence, final board approval, shareholder approval and additional terms and conditions.
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