1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. TeraGo Inc.
  6. News
  7. Summary
    TGO   CA88079F1071

TERAGO INC.

(TGO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Hut 8 Mining Corp. entered into a definitive agreement to acquire Cloud and colocation data center business of TeraGo Inc. for CAD 30 million.

01/20/2022 EDT

Hut 8 Mining Corp. (TSX:HUT) entered into a definitive agreement to acquire Cloud and colocation data center business of TeraGo Inc. (TSX:TGO) for CAD 30 million on January 20, 2022. The purchase price payable will be the sum of an amount equal to CAD 30 million, the value of the assumed liabilities, the amount by which the final working capital is greater than the target working capital, if any; less and the amount by which the target working capital is greater than the final working capital, if any. The consideration is subject to adjustments. The purchase consideration will be funded from existing cash on the company's balance sheet. Under the agreement, Hut 8 is acquiring TeraGo’s cloud and colocation customers, employees, certain other contracts, intellectual property rights and other assets related to its cloud and colocation business lines. The company’s senior executives and employees that are part of TeraGo’s fixed wireless access and 5G business line will remain with TeraGo. Hut 8 will retain substantially all current Data Center Business employees. Additionally, TeraGo will provide support and transition services over the next few months to ensure the smooth operation and transfer of the cloud and colocation business lines. The transaction has been approved by the Board of Directors of Hut 8 and TeraGo. The transaction is expected to close in the first quarter of 2022. DH Capital is serving as financial advisor to TeraGo and InHaus Legal LLP & Norton Rose Fulbright Canada LLP are acting as legal counsels to TeraGo. Stifel GMP acted as financial advisor and Fasken Martineau DuMoulin LLP acted as legal advisor to Hut 8.


© S&P Capital IQ 2022
All news about TERAGO INC.
05/12TRANSCRIPT : TeraGo Inc., Q1 2022 Earnings Call, May 12, 2022
CI
05/11TeraGo Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
05/11Earnings Flash (TGO.TO) TERAGO Posts Q1 Revenue $7.924 Million
MT
05/11TeraGo Inc. Reports Impairment of Assets and Related Charges for Three Months Ended Mar..
CI
05/11TeraGo Reports First Quarter 2022 Financial Results
AQ
05/05TeraGo Appoints Philip Jones as CFO
MT
05/05TeraGo Appoints Seasoned Public Company Veteran Philip Jones as Chief Financial Officer
AQ
05/05TeraGo Announces Chief Financial Officer Changes
CI
05/05Andy Ramsey, VP Finance to Depart from TeraGo Inc
CI
04/28TeraGo to Hold Investor Conference Call to Discuss First Quarter 2022 Financial Results
AQ
More news
Analyst Recommendations on TERAGO INC.
More recommendations
Financials
Sales 2022 27,6 M 21,6 M 21,6 M
Net income 2022 -8,99 M -7,03 M -7,03 M
Net cash 2022 1,01 M 0,79 M 0,79 M
P/E ratio 2022 -12,8x
Yield 2022 -
Capitalization 88,4 M 69,1 M 69,1 M
EV / Sales 2022 3,17x
EV / Sales 2023 3,47x
Nbr of Employees 140
Free-Float 77,5%
Chart TERAGO INC.
Duration : Period :
TeraGo Inc. Technical Analysis Chart | TGO | CA88079F1071 | MarketScreener
Technical analysis trends TERAGO INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 4,49 CAD
Average target price 6,10 CAD
Spread / Average Target 35,9%
EPS Revisions
Managers and Directors
Matthew F. Gerber Chief Executive Officer & Director
Andy Ramsey Chief Financial Officer & Vice President-Finance
Kenneth Campbell Chairman
Duncan McGregor Vice President-Engineering & Operations
Blake Wetzel Chief Operating & Revenue Officer
Sector and Competitors
1st jan.Capi. (M$)
TERAGO INC.-18.36%69
VERIZON COMMUNICATIONS-2.46%215 190
CHINA MOBILE LIMITED8.97%138 795
NIPPON TELEGRAPH AND TELEPHONE CORPORATION25.81%110 297
DEUTSCHE TELEKOM AG15.52%99 970
CHARTER COMMUNICATIONS, INC.-25.21%78 372