Facedrive Inc.

09:53 AM EST - Facedrive Inc. : Announced that on July 9, the company closed the transaction to acquire certain assets of foodora Inc. Facedrive had initially disclosed the Acquisition Transaction on May 14, by announcing that it had entered into a binding term sheet with foodora Canada within the context of the proposal proceedings commenced by foodora Canada under the Bankruptcy and Insolvency Act. Facedrive and foodora Canada formalized the terms of the binding term sheet in a definitive purchase agreement dated June 1. Facedrive Inc.
shares V.FD are trading up $1.92 at $23.17.