Instructure Holdings (INST) has released an update to notify the public and investors about its asset transaction finalization.
On February 1, 2024, the Company finalized its acquisition of the Target as outlined in the Unit Purchase Agreement from October 30, 2023. The Purchaser, Instructure, Inc., acquired all issued and outstanding equity interests of the Target and the Blockers from the Selling Parties, resulting in full ownership. The Selling Parties received approximately $686 million, accounting for debt repayment and transaction expenses, with potential post-closing adjustments.
For further insights into INST financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
