Brief: Paltalk, Inc. Announces Acquisition Of Visicom’S Manycam Assets

Intelligent Protection Management

09/06/2022 21:30

Paltalk Inc  PALT.O :
    * PALTALK, INC. ANNOUNCES ACQUISITION OF VISICOM’S MANYCAM
ASSETS
    * PALTALK INC - PURCHASE PRICE FOR MANYCAM ASSETS WAS $2.7
MILLION
IN CASH CONSIDERATION
    * PALTALK INC - ENTERED INTO TRANSITION SERVICES AGREEMENTS
WITH
CERTAIN EMPLOYEES OR AFFILIATES OF VISICOM
    * PALTALK - PURCHASE PRICE INCLUDED POTENTIAL EARN-OUT
PAYMENT OF
UP TO $600,000 UPON ACHIEVEMENT OF CERTAIN PERFORMANCE
THRESHOLDS

Source text for Eikon:  ID:nGNX2H2q0K 
Further company coverage:  PALT.O