GAMB - Gambling.com group acquires BonusFinder.com

Gambling.com (NASDAQ:GAMB) has acquired NDC Media, publisher of BonusFinder.com and related assets, a high-growth, high-margin, pure-play performance marketing business focused primarily on the online gambling industry in North America. The addition supports Gambling.com Group's overarching growth strategy of rapidly expanding its North American footprint and is expected to be immediately accretive. BonusFinder also has traction in the United States, where the Group expects to be able to accelerate their growth in the coming years. Under the terms, Gambling.com paid an aggregate purchase price of EUR 12.5M ($13.92M) and an earnout payment of up to EUR 19 million ($21.85M) payable in 2023 as well as an additional earnout payment of up to EUR 28.5 million ($32.8M) payable in 2024, of which EUR 10 M ($11.14M) was paid in cash and EUR 2.5M ($2.86M) in newly issued, unregistered ordinary shares. The cash portion was funded with available cash on hand. The total

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Gambling.com group acquires BonusFinder.com