M&A
confidence high
sentiment positive
materiality 0.75
CleanCore acquires Sanzonate Europe for $2.475M + warrant; expects March 7 close
CleanCore Solutions, Inc.
- Purchase price: $600k cash, $625k promissory note (10%, 2-year), up to $1.25M earn-out, and 425k share warrant at $1.25.
- Sanzonate is Europe's largest aqueous ozone distributor with net backlog over $10M and sales pipeline of ~$20M.
- CleanCore expects to receive ~$500k inventory and ~$450k AR; no liabilities assumed.
- Acquisition financed without dilutive equity; expected to close by March 7, 2025, subject to conditions.
- CEO cites immediate revenue growth, improved margins, and enhanced European market position.