Vector Advisory Partners agrees to acquire 80% stake in TNL Mediagene
TNMG•Vector Advisory Partners will invest $6.25 million in TNL Mediagene for approximately 80% ownership on a fully diluted, as-converted basis, pending approvals. It will pay $1.5 million at signing and $4.75 million at closing.
1. Deal terms
The purchase covers TNL Mediagene’s Series A and Series B Convertible Preferred Shares, with no ordinary shares issued at closing. Closing is expected within 10 calendar days of the agreement’s effective date, subject to closing conditions.
2. Use of proceeds
TNL Mediagene plans to use the proceeds for debt repayments, transaction expenses and working capital. This includes an operating-transition reserve of at least $750,000 unless Vector agrees otherwise.
