- Quantify Technology (QFY) has completed the acquisition of GSM Innovations (GSM-I) and the coinciding $4 million capital raise
- On October 1, Quantify signed a binding term sheet to acquire 100 percent of GSM-I from its owner, Gerard Private
- Quantify stated that the acquisition set to cost $4.8 million and will pay for it through shares and performance rights
- Now that the acquisition and capital raise are complete, Gerard Private holds a 40 percent stake in Quantify.
- Additionally, Gerard Private’s CEO Simon Gerard and General Manager Jordan Tentori have appointed Directors of Quantify
- Quantify has dropped 20 percent and shares are trading at 2 cents
