2024-01-24 09:04:20 ET
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EMERGE Commerce Ltd. ( ECOM:CA ) entered into a definitive agreement to sell WholesalePet for US$9.25M in cash to Tiny Fund I, LP.
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Following the transaction, the company will retain 4 brands across 2 main verticals, Grocery and Golf
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In conjunction, EMERGE expects to pay down the majority of its senior credit facility on closing, in addition to fully satisfying the deferred payment owed to WholesalePet
- Source: Press Release
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EMERGE to sell WholesalePet for US$9.25M