(Total Views: 93)
Posted On: 05/03/2017 4:42:01 PM
Post# of 2218
thank you, good afternoon/ $paos from our friend/
re;
Re: PENNYBUSTER
$PAOS 8k after hour news for $10.5M dollar
Item 1.01 Entry into a Material Definitive Agreement
On April 28, 2017 (the “Closing Date”), Precision Aerospace Components, Inc. (the “Company” or “Precision”) and its wholly-owned subsidiary Aero-Missile Components, (“Aero-Missile”) entered into an Asset Purchase
Agreement (the “Asset Purchase Agreement”) with Apollo Aerospace Components LLC, an Ohio limited liability company, (“Apollo”) pursuant to which Aero-Missile sold substantially all of its assets to Apollo and Apollo assumed certain liabilities of Aero-Missile
(the “Asset Sale”) for an aggregate purchase price of $10.5 million paid
by Apollo to Aero-Missile (the “Base Purchase Price”).
The Base Price Purchase is subject to a working capital adjustment
(the “Working Capital Adjustment”) and $1.0 million being held in
escrow to secure the indemnification obligations of the Company and
Aero-Missile (the “Escrow Amount”).
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12030216
re;
Re: PENNYBUSTER
$PAOS 8k after hour news for $10.5M dollar
Item 1.01 Entry into a Material Definitive Agreement
On April 28, 2017 (the “Closing Date”), Precision Aerospace Components, Inc. (the “Company” or “Precision”) and its wholly-owned subsidiary Aero-Missile Components, (“Aero-Missile”) entered into an Asset Purchase
Agreement (the “Asset Purchase Agreement”) with Apollo Aerospace Components LLC, an Ohio limited liability company, (“Apollo”) pursuant to which Aero-Missile sold substantially all of its assets to Apollo and Apollo assumed certain liabilities of Aero-Missile
(the “Asset Sale”) for an aggregate purchase price of $10.5 million paid
by Apollo to Aero-Missile (the “Base Purchase Price”).
The Base Price Purchase is subject to a working capital adjustment
(the “Working Capital Adjustment”) and $1.0 million being held in
escrow to secure the indemnification obligations of the Company and
Aero-Missile (the “Escrow Amount”).
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12030216
(0)
(0)
