ACCESS Newswire sells compliance business to Equiniti for $12.5M, pays down debt

ACCESS Newswire Inc.

Sale of compliance division closed Feb 28, 2025; $12M paid at closing, $500K holdback for 12 months.
Proceeds of $12M used to reduce bank debt from $15.3M to approx. $3.3M; loan restructured.
Entire compliance team of 11 employees transferred; company focuses on communications SaaS subscriptions.
Refined business model expected to deliver enhanced EBITDA margins and predictable monthly recurring revenue.
Non-cash charges in Q4 2024 and Q1 2025 from rebranding and sale; no cash flow impact.

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