LiveHire entered into a sale agreement with Arrived Workforce

LiveHire Limited (ASX: LVH) entered into a conditional binding Asset Sale Agreement with Arrived Workforce Connections Inc to acquire all of the assets and business of Arrived. The Proposed Acquisition is of up to AU$5.92 million and will be paid through the issue of fully-paid ordinary shares in the Company, consisting of the three payments; Within 12 months, Arrived will receive AU$1.48 million in fully-paid ordinary shares after completion of the Proposed Acquisition into LiveHire’s platform.

Certain employees of Arrived will be offered employment with LiveHire with effect from completion, all costs incurred by Arrived in connection with its contractors and employees in respect of the period from 21 April 2023 and will be borne by LiveHire until the earlier of termination of the Sale Agreement and completion of the Proposed Acquisition.

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