WIRELESS TELECOM GROUP INC: M&A transaction — Wireless Telecom Group completes sale of CommAgility to E-Space for $14.5M

WIRELESS TELECOM GROUP INC

Total consideration $14.5M ($13.75M cash + $750K note); expected net proceeds ~$12.5M after ~$1.9M in closing costs and offsets.
Expected gain on sale of ~$7.3M, net of book value and transaction costs.
After sale, Wireless Telecom Group consists solely of Test & Measurement brands Boonton, Holzworth, Noisecom.
Company continues to evaluate strategic alternatives for remaining business and potential tax-efficient return of capital.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

WIRELESS TELECOM GROUP INC completed a disposition involving E-Space Acquisitions LLC for $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable (closed 2022-12-30).

Action: disposition
Counterparty: E-Space Acquisitions LLC
Consideration: $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable
Closing: 2022-12-30

Exact text from the filing

to the Purchase Agreement, the Buyer acquired 100% of the issued and outstanding equity interests of Holdings from the Company. The consideration for the Transaction was $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions and certain post-closing adjustments as set forth in the

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Source: SEC EDGAR

accession 0001493152-22-037138

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