Posted On: 01/23/2015 12:07:26 PM
Post# of 72722
Re: lookn4wins #28997
HIPPQ
Item 1.01 Entry Into a Material Definitive Agreement.
Asset Purchase Agreement
On January 20, 2015, Hipcricket, Inc. (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with SITO Mobile Ltd., a Delaware corporation (“SITO Mobile”), pursuant to which SITO Mobile agreed to acquire substantially all of the Company’s assets for aggregate consideration of approximately $4.5 million. SITO Mobile also has agreed to provide certain debtor-in-possession financing, as described below.
Item 1.01 Entry Into a Material Definitive Agreement.
Asset Purchase Agreement
On January 20, 2015, Hipcricket, Inc. (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with SITO Mobile Ltd., a Delaware corporation (“SITO Mobile”), pursuant to which SITO Mobile agreed to acquire substantially all of the Company’s assets for aggregate consideration of approximately $4.5 million. SITO Mobile also has agreed to provide certain debtor-in-possession financing, as described below.
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