Grow Capital, Inc Reports Progression On First FinTech Acquisition
HENDERSON, Nev., July 22, 2019 /PRNewswire/ -- Grow Capital, Inc (OTCPK:GRWC) (GRWC) today filed an 8-k with the securities and exchange commission reporting the issuance of "Consideration Shares" of unregistered restricted shares of the Company's common stock as part of the purchase of Bombshell Technologies. This issuance gets the company closer to full ownership of the software company.
In June, GRWC announced a stock exchange agreement to acquire Bombshell Technologies. Today's news follows certain customary closing conditions and shows progress on the deal.
"We're on track with our anticipated closing of this very soon," said CEO Jonathan Bonnette. "I'm thrilled our teams are working well on all due diligence efforts and our schedule is on track."
"The board is happy with our progress," said chairman of GRWC James Olson. "Bombshell Technologies is a perfect fit for our niche."
Bombshell Technologies provides software to several massive financial services organizations and leads the way on innovative industry-specific solutions for sales teams and management.
Learn more about Bombshell Technologies suite of products here: www.bombshelltechnologies.com
About Grow Capital Inc: Grow Capital, Inc is a publicly traded company listed under the symbol GRWC. Formally Grow Condos, we have announced new leadership, rebranded, relocated our headquarters and have expanded into acquiring and developing the best professional technology and financial services companies.
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Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "on track" "soon" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc's filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.
SOURCE Grow Capital Inc
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