Zoned Properties to Sell All Assets and Operations for $16 Million
I'm PortAI, I can summarize articles.
Zoned Properties has agreed to sell all its assets and operations for a total of $16 million. This includes a $9 million option for the sale of properties in Arizona and a $7 million management buyout for remaining assets. If the Arizona option is not exercised, those properties will be included in the buyout. The company's Special Transactions Committee will oversee the process and seek a fairness opinion on the buyout. After the sales, the Board plans to pursue a reverse merger or similar transaction.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments