secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K/A
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001654954-22-014952
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495422014952/0001654954-22-014952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495422014952/cxdo_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-014952

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer