Braiin Limited Enters Non-Binding Term Sheet To Advance Proposed Acquisition Of Home.cc From Living Technology

Under the proposed structure, Braiin would acquire a 50.1% majority interest in Cumbria Capital Ltd, the parent company of Home.cc, through a share purchase to be satisfied by the issuance of Braiin equity securities. The non-binding term sheet contemplates a pre-money equity valuation of approximately £35.0 million (approximately A$66.1 million), and Braiin would also invest approximately £3.85 million (approximately A$7.27 million) into Home as growth capital to support continued platform expansion.