On July 12, 2021, Mercurius entered into an SSA with the shareholders of groceries business Songmart Holdings, where Mercurius acquired all of the shares in the special purpose vehicle (SPV) under which Songmart’s businesses and employees would be consolidated and owned.
Mercurius Capital Investment, on Oct 17, entered into a third supplemental agreement to the share sale agreement (SSA) with Songmart Holdings’ shareholders.
Mercurius, on April 8, 2021, entered into a legally binding term sheet with Songmart’s shareholders, where the former proposed to acquire Songmart for a consideration of $36 million. The acquisition was meant to help the company find a new earnings stream as the pandemic hits hospitality industries worldwide.
