---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-014952"
form_type: "8-K/A"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:10:01.017715+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-014952
- form_type: 8-K/A
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075736/000165495422014952/0001654954-22-014952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495422014952/cxdo_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-014952
- JSON: https://secwatch.observer/filing/0001654954-22-014952.json
- Plain text: https://secwatch.observer/filing/0001654954-22-014952.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.