DivestmentJul 31, 2026, 05:07 PM
VASO Corp Sells NetWolves for $14.5M
AI Summary
VASO Corp, through its subsidiaries VasoTechnology, Inc. and NetWolves Network Services LLC, entered into an Equity Purchase Agreement to sell NetWolves Network Services LLC to COEO Solutions, LLC. The transaction, completed on July 31, 2026, involved a base cash purchase price of $14.5 million, subject to customary post-closing adjustments. As a result, NetWolves, which provides managed network solutions, is no longer an indirect wholly-owned subsidiary of VASO Corp.
Key Highlights
- VASO Corp sold its indirect wholly-owned subsidiary, NetWolves Network Services LLC.
- COEO Solutions, LLC purchased all issued and outstanding membership interests of NetWolves.
- The base purchase price for NetWolves was $14,500,000.00 in cash.
- NetWolves ceased to be an indirect wholly-owned subsidiary of VASO Corp on July 31, 2026.
- Unaudited pro forma financial information will be filed via amendment within four business days.
Price Impact
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