Asure Software proposes extending shareholder rights plan through 2025 to preserve NOLs

ASURE SOFTWARE INC

Board approved Third Amended Rights Agreement to extend final expiration from Oct 2022 to Oct 2025, subject to shareholder vote at May 31, 2022 Annual Meeting.
Company had ~$48.7M in federal NOL carryforwards and ~$3.8M in R&D credit carryforwards as of Dec 31, 2021.
Board states the amendment is intended to protect tax asset value, not as an anti-takeover measure.
If shareholders do not approve, the current rights plan expires Oct 28, 2022.

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