RCM Technologies acquires TalentHerder for $4.15M cash, 38K shares, and earn-outs

RCM TECHNOLOGIES, INC.

Purchase price: $4,150,000 cash at closing plus 38,000 RCMT shares (5-year lock-up).
Earn-out: $125K cash + 8K shares for Q4 2022; up to $300K cash + 25K shares per year for 2023-2027 if EBIT targets met.
Second-tier earn-out for 2023-2027: additional cash up to $1M-$2M per year based on EBIT above hurdle.
Christopher G. Adams appointed SVP of Resource Process Outsourcing to lead acquired business.
Acquisition expands RCM's recruitment process outsourcing (RPO) capabilities for tech and high-growth companies.

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