Boku gets $0.16m from Twilio after post-completion adjustment

Mobile payment technology company Boku said on Wednesday that it has received $0.16m from Twilio.

The AIM-traded firm said the $155,972 in cash was paid by Twilio, following a post-completion purchase price adjustment.

“Subject to the terms and conditions of the sale and purchase agreement, Boku expects to receive two further holdback payments up to $6.2m within 18 months post-completion,” the board said in its short announcement.

At 1213 BST, shares in Boku were up 2.04% at 100p.

Reporting by Josh White at Sharecast.com.