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WildBrain Acquires Personality AI

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WildBrain (WILD.TO) has acquired Personality AI, effective immediately, for closing consideration of approximately $11 million in cash and 1 million WildBrain shares, it said Monday.

Personality AI creates "true-to-life, conversational character AIs" for IP owners and their license partners.

An additional consideration of $2 million will also be received by the vendors on the first anniversary of closing, payable in up to 1 million WildBrain shares with any balance in cash, said the company.

The company said the agreement also includes additional performance-based cash consideration of up to $56 million in aggregate tied to the Personality AI business achieving certain revenue targets in calendar 2027, 2028 and 2029.

Founder and chief executive officer of Personality AI John Goscha is joining WildBrain's executive leadership team with the title executive vice president, Personality AI, added the company.

The company's shares were last seen down C$0.02 to C$1.43 on the Toronto Stock Exchange.

Price: $1.43, Change: $-0.02, Percent Change: -1.38%

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