Deluxe closes sale of web hosting business at reduced price of $35.95M

DELUXE CORP

Original purchase price of $42M reduced by $6.05M deferred payment; final price $35.95M.
Transaction closed on June 29, 2023, with HostPapa, Inc. as purchaser.
Sale includes equity interests of certain subsidiaries and assets of Deluxe's web hosting unit.
Amendment executed June 26, 2023; deferred payment removed from consideration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DELUXE CORP amended Stock and Asset Purchase Agreement with HostPapa, Inc. valued at from $42,000,000 to $35,950,000 (effective 2023-06-26).

Action: amendment
Agreement: asset purchase
Counterparty: HostPapa, Inc.
Value: from $42,000,000 to $35,950,000
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, Seller and Purchaser entered into an amendment to the Sale Agreement to reduce the base purchase price for the transaction from $42,000,000 to $35,950,000 by removing a $6,050,000 post-closing deferred payment that would have been payable to Seller 365 days after the closing date.

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

DELUXE CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-077164

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.