FAQ — MassMergers.com Listing Agreement

What does it cost to list?

Nothing. There is no listing fee, retainer, or monthly charge. The Services are provided at no cost throughout your listing on the Platform.

When do I pay anything?

Only on the completion of a merger or acquisition. The fee is 0.1% of the Transaction Value, paid within 10 Business Days of closing. If no deal closes, you pay nothing.

How does 0.1% compare to what a banker would charge?

Substantially less. Standard investment banking success fees scale by deal size:

— Sub-$10m deals: 4–12% (often Modified Lehman 5-4-3-2-1%)
— $10–50m: 1–3%
— $50–250m: 1–2%
— $250m–$1bn: 0.75–1.5%
— $1bn+: 0.3–0.7% (heavily negotiated)

Worked comparison:

— On a $100m deal a banker would typically charge $1–2m. MassMergers charges $100,000.
— On a $1bn deal a banker would typically charge $3–7m. MassMergers charges $1m.

Bankers also typically charge upfront retainers of $25,000–75,000 per month, plus engagement fees of $50,000–250,000. MassMergers charges none of these.

What if I source the deal myself?

The fee still applies. The 0.1% is payable on any merger or acquisition completing while you are listed, regardless of whether MassMergers introduced the counterparty. This reflects the difficulty of attributing introductions in a global market and is the reason the headline rate is so low compared with traditional advisory. MassMergers will provide a third-party validation, a deal comparison, pointers to ask your bankers — if there is an active merger introduced by us or via any other source, MassMergers will be an invaluable resource of independent information until your close. Often advisors, bankers and lawyers can confuse a deal or have their own agenda — not always, but for 0.1% on closing we are worth our weight in solid gold.

What is the 24-month tail?

After you leave the Platform, the 0.1% fee continues to apply to any merger or acquisition completing within 24 months of your delisting date. Standard M&A advisory tails are 12–24 months. After 24 months, you owe nothing on subsequent transactions.

Can I terminate at any time?

Yes. Either party may terminate on 30 days' written notice. The 24-month tail then runs from the date of delisting.

What if my deal includes earn-outs or deferred consideration?

The 0.1% applies to each element as it is paid or becomes payable. So if a deal has $500m upfront and $500m in earn-outs over five years, the upfront portion ($500,000 fee) is paid at closing, and the earn-out portions ($500,000 in total) are paid as the earn-outs crystallise.

Is there any exclusivity?

No. You retain the right to use your own bankers, M&A advisors, and channels at any time. The arrangement is non-exclusive.

What jurisdiction governs?

England and Wales. ILOCX Limited is a UK-incorporated company based at Verify House, Stratford Road, Solihull.

Why is the fee so low?

ILOCX combines a global listings platform with human and AI-driven matching at scale. The platform-level economics support a much lower fee per deal than a bespoke investment banking engagement. You access global M&A networks at a fraction of traditional advisory cost — in exchange for the fee applying to any transaction concluded during the listing or tail period.

Frequently Asked Questions