Nitro Software Limited announced Potentia proposal

Nitro Software Limited (ASX: NTO) received a proposal from Potentia Capital on 06 February 2023. According to Potentia, if Nitro's due diligence is completed satisfactorily, it may be possible to raise its Takeover Offer to between AU$2.20 and AU$2.30 per Nitro Share. According to Potentia, the due diligence process might be finished in three weeks.

Additionally, Nitro shareholders are cautioned that there is no assurance that the Alludo Takeover Offer will be extended after its current expiration date of 03 March 2023. The company's board remains to unanimously recommend that all Nitro Shareholders promptly agree to take the Alludo Takeover Offer in the absence of a Superior Proposal, as the board is considering the Potential takeover offer remains inferior.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com