Paltalk acquires ManyCam software assets from Visicom Media for $2.7M cash plus earn-out

INTELLIGENT PROTECTION MANAGEMENT CORP.

Cash purchase price $2.7M for core assets including source code, customer lists, IP, brand names.
Potential earn-out up to $600k based on gross sales thresholds over six months post-close.
CEO says ManyCam integrates with Paltalk and Camfrog, expects near-term positive cash flow and long-term EBITDA contribution.
Acquisition closed on June 9, 2022; transition services agreements with certain employees/affiliates of Visicom.

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