other material
confidence high
sentiment neutral
materiality 0.60
Bridgeline Digital amends Hawk Search earnout, pays $2.03M total by Oct 2022
Bridgeline Digital, Inc.
- Bridgeline agrees to pay $2,028,773 to Sellers of Hawk Search in full satisfaction of earnout obligation.
- First payment of $1,778,773 due by July 1, 2022; second payment of $250,000 due by Oct 3, 2022.
- Original earnout estimated at ~$2.6M; discount and working capital adjustment reduce total to ~$2.0M.
- Amendment settles earnout approximately six months earlier than original payment date of Jan 2023.