Regis to sell Opensalon Pro to Zenoti for up to $39M; Zenoti becomes sole tech platform

REGIS CORP

Total cash consideration up to $39M: $20M at closing (with $4M escrow and $5.2M holdback) plus $19M contingent on salon migration to Zenoti.
Zenoti designated as exclusive salon technology platform for all Regis brands (5,000+ locations).
Transaction expected to close before end of June 2022.
Regis CEO says deal strengthens financial position and allows focus on core haircare services.
Many Opensalon Pro team members expected to join Zenoti or remain at Regis.

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