Ackroo Closes on Sale to Paystone

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Ackroo Closes on Sale to Paystone

, MT Newswires - 11:04 AM ET 4/1/2025 mergers-and-acquisitions

11:04 AM EDT, 04/01/2025 (MT Newswires) -- Ackroo ( AKRFF ) on Tuesday said it closed on its sale to Paystone, with the gift card and loyalty marketing company shares expected to be delisted from the TSX Venture Exchange on April 2.

Each Ackroo ( AKRFF ) shareholder received $0.15 cash. Steve Levely, the chief executive officer of Ackroo ( AKRFF ), and another arm's length shareholder, have deferred payment of the offer price for at least 12 months and have received an unsecured subordinated promissory note of Paystone.

Levely has also assumed the role of Chief Operating Officer of Paystone.

Ackroo ( AKRFF ) shares are unchanged at $0.15 on the TSX Venture Exchange.

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