Brief: System1 Confirms Receipt Of Indication Of Interest For Total Security From Just Develop It

System1

06/09/2023 11:27

Sept 6 (Reuters) - System1 Inc  SST.N :
    * SYSTEM1 CONFIRMS RECEIPT OF INDICATION OF INTEREST FOR
TOTAL
SECURITY FROM JUST DEVELOP IT
    * SYSTEM1 INC- OFFER CONSISTS OF $240 MILLION IN CASH,
ASSUMPTION
OF CERTAIN POTENTIAL EARNOUT PAYMENTS IN RESPECT OF TOTAL
SECURITY
    * SYSTEM1 INC-  OFFER CONSISTS OF DELIVERY OF APPROXIMATELY
29
MILLION SYSTEM1 SHARES HELD BY JUST DEVELOP IT AND RELATED
PERSONS
    * SYSTEM1 INC- SPECIAL COMMITTEE OF SYSTEM1 BOARD HAS BEEN
FORMED
THAT WILL EVALUATE AMONG OTHER THINGS, THIS NON-BINDING
INDICATION OF INTEREST

Source text for Eikon:  ID:nBw6YFmZ0a 
Further company coverage:  SST.N 

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