M&A
confidence high
sentiment neutral
materiality 0.50
Stark Novus completes Affinity acquisition for $6.72M cash plus stock; name change to SNFI, OTC ticker SNFI
NU RIDE INC.
- Acquisition of Affinity Advisory Network and AAN Wealth Advisors closed July 15, 2026; consideration $6.72M cash, 80,000 shares of Class A common, and 15% of Buyer's common stock.
- Sellers eligible for contingent earnout up to $1.312M in three annual installments based on insurance-writing thresholds.
- Company changed name from Nu Ride Inc. to Stark Novus Financial Inc. effective July 21, 2026.
- Class A common stock expected to trade on OTC under ticker 'SNFI'; CUSIP unchanged.