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Tinybeans Group (TNY) investor relations material
Tinybeans Group M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Deal rationale and strategic fit
Acquisition nearly doubles paid subscribers, expanding reach in North America and positioning the combined entity as a leader in privacy-first family memory platforms.
Qeepsake's SMS-based journaling features complement the existing photo-sharing platform, creating a comprehensive family engagement ecosystem and broadening product appeal.
Less than 1% overlap in subscriber bases, maximizing cross-sell and expansion opportunities.
Access to a $10B+ market for family tech and personalized gifts, with significant cross-sell and monetization opportunities.
Shared mission to provide a privacy-first family memory platform, strengthening market positioning.
Financial terms and conditions
All-scrip transaction valued at US$2.7 million, with no cash outlay.
US$1.2M paid upfront in shares; up to US$1.5M in performance-based earn-out tied to revenue, EBITDA, and subscriber targets.
Valuation at 0.66x FY 2025 revenue, assuming all performance hurdles are met.
Consideration shares subject to 24-month escrow; performance rights shares escrowed for 12 months.
Qeepsake will hold up to 12.02% voting power post-completion.
Synergies and expected cost savings
Significant cost synergies identified in shared administrative services, marketing, and operational integration.
Integration expected to drive EBITDA margin expansion, improved gross margins, and operating leverage.
Subscriber acquisition cost materially below organic marketing costs.
Operational synergies and reduced resourcing costs targeted during integration.
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