M&A
confidence high
sentiment neutral
materiality 0.60
ASII acquires 100% of Globetopper, LLC for $3M in secured notes and preferred stock
Accredited Solutions, Inc.
- ASII to pay $3M via secured promissory note: $1M cash, 1,000 Series B Preferred shares ($1M), and $1M follow-on note.
- Closing expected Nov 1, 2024, subject to customary conditions; management sees no impediment.
- Globetopper has unaudited FY2023, FY2022 financials and June 2024 statements; no material litigation.
- Owner Craig Span to continue managing Globetopper for two years post-closing with reasonable salary.