Asure Software acquires USA Processing ($24.15M) and Paydata ($14.75M) in separate asset purchases

ASURE SOFTWARE INC

Acquired USA Processing for $24.15M: $15M cash, $4.32M promissory note, 522,875 shares of ASUR common.
Acquired Paydata Payroll Services for $14.75M: $10.325M cash, $2.2125M note, 244,205 shares.
Stock issued at $9.18/share (USA Processing) and $9.06/share (Paydata); exempt from registration under Rule 506(b).
Both acquisitions closed Sept 30, 2021; subject to working capital adjustments and earnout (USA Processing only).
Acquisitions expand payroll processing capabilities; Buyer indirect subsidiary Evolution Payroll Processing LLC.

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