Sentences with phrase «earnout payments»
Purchase price is $ 6.5 million in cash and $ 6.5 million stock and earnout payments for shareholders up to a maximum aggregate of $ 21 million.
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An SEC filing on Spark's website says this $ 7m is in addition to an earnout payment of «up to a maximum of an additional $ 10m», meaning Smooch receive the extra money if the business achieves a certain level of earnings.
Not exact matches
CB&I received no upfront payment for the sale of the nuclear construction business, but stood to receive earnouts based on the progress of the completion of two U.S. projects by Stone & Webster: a nuclear power plant in Georgia for Southern Co and two reactors in South Carolina for SCANA Corp (scu).