Hello. They have earnout "deferred acquisition payment" debts as shown their reports. FY23 report says deferred acquisition payment liability $4,756,633. Announcements such as 03/07/23 show issue of shares relates to an Earn-Out payment in respect to the acquisition of Safety Dave. For me, I struggled to find info about this in the announcements. I have to confess this is too difficult for me but the impression is it is possible more future shares dilution,
As for the debt, the interest payments per the P&L and cashflow statement are not too high, which is why RPM is profitable. The FY 23 report says:
