iWOW completes acquisition of The Gentle Group

The target company has become a wholly owned subsidiary following the completion of the deal on 1 July.

iWOW Technology has completed its acquisition of 100% of the issued shares and option shares in The Gentle Group, making the company its wholly owned subsidiary.

The transaction included about $5.61m in cash for institutional vendors and an aggregate consideration of approximately $4.85m for founder Dr Shen Yiru.

The founder’s consideration comprised $1m in initial cash, $1m in deferred cash and 8,924,865 new iWOW shares valued at about $2.85m.

The consideration shares were issued at $0.319 each, increasing iWOW’s total issued and paid-up shares from 278.1 million to 287.1 million.

The new shares are expected to be listed and quoted on the SGX Catalist board from 9 am on or around 7 July 2026.

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