secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K/A
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001654954-26-004313
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo completes $34.7M acquisition of Estech Systems; pro forma revenue $93.7M
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- Purchase price: $27.3M cash + 1,159,638 shares at $6.41 each; total $34.7M.
- ESI FY 2025 revenue $26.1M, net income $3.059M; Crexendo standalone revenue $68.2M.
- Pro forma combined net income $2.533M, diluted EPS $0.08 vs Crexendo standalone $0.17.
- $5.3M goodwill, $23.4M intangible assets recorded (customer relationships $22.3M, trademarks $1.1M).
- Lock-up: 50% shares salable after 6 months, remaining after 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004313/0001654954-26-004313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004313/cxdo_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-004313

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