M&A
confidence high
sentiment neutral
materiality 0.60
Vaso provides pro forma combined financials for Achari merger; 2023 revenue $81.0M, net loss $0.7M
VASO Corp
- Six months ended June 30, 2024 pro forma combined revenue $39.0M, net loss $1.5M.
- Year ended December 31, 2023 pro forma combined revenue $81.0M, net loss $0.7M.
- Vaso stockholders expected to own 95.8% (current redemptions) or 97.4% (max redemptions) of combined company.
- Pro forma balance sheet at June 30, 2024: total assets $69.4M (current redemptions) or $65.8M (max redemptions).
- Merger must close by October 19, 2024; Achari trust account ~$6.3M after July 2024 redemptions.