ACCESS Newswire Inc. (ACCS): M&A transaction — Issuer Direct completes acquisition of iNewsWire.com; reports revenue $10.0M (2021), $7.1M (2020)

ACCESS Newswire Inc.

Acquired iNewsWire.com LLC for undisclosed cash consideration; deal closed Nov 1, 2022.
iNewsWire revenue: $10.03M in FY2021, $7.13M in FY2020; net income $1.17M and $1.13M respectively.
As of Dec 31, 2021, iNewsWire had cash $56k, total assets $892k, and a members' deficit of $2.23M.
Pro forma financials for Issuer Direct for nine months ended Sep 30, 2022 and year ended Dec 31, 2021 filed as Exhibit 99.3.

item 2.01 item 9.01

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

ACCESS Newswire Inc. completed an acquisition involving Lead Capital, LLC (closed 2022-11-01).

Action: acquisition
Counterparty: Lead Capital, LLC
Closing: 2022-11-01

Exact text from the filing

On November 1, 2022, Issuer Direct Corporation, a Delaware corporation (the “Company”), entered into a Membership Interest Purchase Agreement with Lead Capital, LLC, a Delaware limited liability company, whereby the Company purchased all the issued and outstanding membership interests of iNewsWire.com LLC, a Delaware limited liability company (“Newswire”).

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ACCESS Newswire Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-000500

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