Assure Holdings sells assets for $2.5M plus earnout; merger with Danam Health key condition

Assure Holdings Corp.

Purchase price: $2.5M at First Closing plus earnout up to $2M based on case volume >8,000.
First Closing due by March 22, 2024; Second Closing contingent on Assure's merger with Danam Health.
Assets sold include inventory, contracts, intangibles; accounts receivable excluded.
Indemnification cap $750,000; termination fee $150,000.
Includes non-compete and nominee agreement for assets not transferred at closing.

item 1.01 item 9.01

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

Assure Holdings Corp. entered into APA with National Neuromonitoring Services, LLC (effective 2023-03-11).

Action: entry
Agreement: asset purchase
Counterparty: National Neuromonitoring Services, LLC
Effective: 2023-03-11

Exact text from the filing

On March 11, 2023, Assure Holdings Corp., a Nevada corporation (“Assure” or “Parent”), and its subsidiaries, Assure Neuromonitoring, LLC, Assure Networks, LLC, Assure Networks Texas Holdings, LLC and Assure Networks Texas Holdings II, LLC (collectively, the “Sellers’) entered into an asset purchase agreement (the “APA”) with National Neuromonitoring Services, LLC (“Purchaser”).

View on SEC.gov

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

Source: SEC EDGAR

accession 0001104659-24-035075

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.