Sanwire Signed Agreement to Acquire 100% of Australia-based Bateau Asset Management Pty Ltd, a Boutique Investment Firm with Over $7,500,000 Under Management
Sanwire Corporation (OTCID: SNWR) signed an agreement to acquire 100% of Bateau Asset Management, an Australia-based boutique investment firm with offices in Singapore. Consideration comprises 1,424,115 Series G Preferred shares convertible into common stock, a $250,000 convertible note maturing October 1, 2028, and a $100,000 cash payment in installments over three years; closing is anticipated in Q4 2026. Bateau's Global Opportunities Fund holds over $7.5 million in net asset value, but the firm reported only $116,188 in revenue for fiscal 2025, and all figures are unaudited.
Key figures
- Deal Value Usd
- 0
- Cash payment
- $100,000
- Convertible note
- $250,000
- Fund net asset value
- $7,500,000
- Target fy2025 revenue
- 116188
- Preferred shares issued
- 1424115
AI analysis
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