CBA Florida Inc. (fka CBAI)

[Goodbuddy4863]

Current Report Filing (8-k):

https://ih.advfn.com/p.php?pid=nmona&article=77461604&symbol=CBAI

"Pursuant to the Purchase Agreement, FamilyCord has acquired substantially all of the assets of the Company and its wholly-owned subsidiaries and assumed certain liabilities of the Company and its wholly-owned subsidiaries. Of the $15.5 million purchase price, FamilyCord paid $12.5 million in cash at closing, with $3.0 million of the purchase price deposited into escrow to secure the Company’s indemnification obligations under the Purchase Agreement.

The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is attached hereto as Exhibit 2.1 (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the “ SEC ”) on February 8, 2018), and is incorporated by reference herein."