Crexendo completes Allegiant Networks acquisition for ~$9.4M; files audited financials

Crexendo, Inc.

Acquisition closed Nov 1, 2022: $2M cash, $1.1M promissory note, and 2,461,538 shares valued at $2.57/share (~$6.3M).
Allegiant 2021 total revenue: $10,042,331 ($8.8M over time, $1.2M at point in time).
Annual intangible asset (Persona platform) not yet amortized; no impairment triggering events in 2021.
Amendment No. 2 provides audited financials for Allegiant year ended Dec 31, 2021 and unaudited interim statements.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.