Lesaka completes the acquisition of Adumo, cementing its position as the leading independent fintech in Southern Africa
Lesaka Technologies, Inc. (LSAK)
Company Research
Source: GlobeNewswire
JOHANNESBURG, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced it has completed its acquisition of Adumo RF (Pty) Ltd (“Adumo”). The transaction was settled through the issuance of 17,279,803 shares of Lesaka’s common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka’s October 1, 2024, closing price on the Johannesburg Stock Exchange of ZAR 83.05 per share. All amounts in this release have been translated to U.S. dollars at the October 1, 2024, closing exchange rate of $1: ZAR 17.34. The acquisition of Adumo, South Africa’s largest independent payments processor with over 20 years’ experience in payment solutions, reinforces Lesaka’s position as natural consolidator of Southern African fintech. The acquisition enhances the Company’s strengths in both its consumer and merchant markets and follows the succes
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LSAK
News
- Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 ResultsGlobeNewswire
- Lesaka Technologies (LSAK) Surges 6.3%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- Lesaka Technologies Inc (NASDAQ:LSAK) A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Private equity firms account for 36% of Lesaka Technologies, Inc.'s (NASDAQ:LSAK) ownership, while individual investors account for 32% [Yahoo! Finance]Yahoo! Finance
- Lesaka achieves its profitability guidance for FY 2024 and provides significantly higher profitability guidance for FY 2025GlobeNewswire
LSAK
Earnings
- 9/11/24 - Miss
LSAK
Sec Filings
- 10/15/24 - Form 3
- 10/11/24 - Form 4
- 10/11/24 - Form 3
- LSAK's page on the SEC website