01:58 PM EDT, 09/12/2024 (MT Newswires) -- NowVertical Group (NOW.V) on Thursday said it completed the restructuring of its obligations for the A10 Group, as part of the restructuring of its Latin American operations.

The restructuring releases NowVertical from all current and future obligations relating to the A10 Group, which was acquired in February, 2023. In return, NowVertical will make a total cash payment of US$130,000, in installments.

"This restructuring allows us to streamline our business structure and further aligns our LATAM operations with the rest of our operating portfolio," said Sandeep Mendiratta, CEO of NowVertical. "We are now in a position to apply our organic growth strategies seamlessly across all major LATAM regions in order to accelerate growth. We plan to do so by cross-selling and up-selling our solutions and services and leveraging our technology partnerships that were previously siloed amongst different regions."

NowVertical was last seen down $0.01 to $0.15, on the TSX Venture Exchange.

Price: 0.15, Change: -0.01, Percent Change: -6.45

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