Star Equity Acquires Utah Machine Shop PD Machine for Cash and Shares
Star Equity entered into a stock purchase agreement to acquire PD Machine in a merger with its subsidiary. At closing, it paid sellers $350,000 and issued 75,000 Series A preferred shares, subject to customary adjustments.
Star Equity entered into a stock purchase agreement to acquire PD Machine, a Utah machine shop, in a merger with its subsidiary. At closing, the company paid the sellers $350,000 and issued 75,000 shares of Series A preferred stock, subject to customary adjustments; $50,000 and 5,000 shares were pl…