Overview of Pendula's non-binding indicative offer to acquire Whispir

Whispir Limited (ASX:WSP) has received a letter of intent from Zipline Cloud Pty Ltd (Pendula) expressing their intention to submit a non-binding indicative proposal to acquire all of the share capital in Whispir or to acquire Whispir's main undertaking. Pendula has stated that their proposed offer will be at a premium to the bid price under the Soprano Offer of $0.48 per Whispir share. The Whispir Board is currently evaluating the terms of the Pendula LOI and will keep shareholders informed of any material developments.

Executive commentary on Pendula's non-binding indicative offer

Pendula has expressed its intention to make a non-binding indicative offer to acquire Whispir shares. We are considering the terms of the Pendula LOI and will continue to update our shareholders as we evaluate the proposal. It's important to note that there is no certainty that this will lead to a binding offer from Pendula on the same or similar terms, or result in a transaction under which Whispir shareholders may be able to sell their shares on terms superior to the Soprano Offer. We urge shareholders to await Whispir's Target's Statement before taking any action in relation to the Soprano Offer.

Summary of Pendula's non-binding indicative offer and outlook

Whispir Limited (ASX:WSP) has received a non-binding indicative offer from Pendula to acquire all of the share capital in Whispir or its main undertaking. Pendula has indicated that their proposed offer will be at a premium to the bid price under the Soprano Offer. The Whispir Board is currently evaluating the terms of the Pendula LOI and will keep shareholders informed of any material developments. However, there is no certainty that this will lead to a binding offer from Pendula on the same or similar terms, or result in a transaction under which Whispir shareholders may be able to sell their shares on terms superior to the Soprano Offer. Shareholders are advised to await Whispir's Target's Statement before taking any action in relation to the Soprano Offer.