not only this one delayed but because of 4th AQ being done at same time!!!! .75 by end of next month !
The Company and Nexogy have extended the outside date for closing the transaction to September 15, 2020. As previously announced, the Company has negotiated and executed a long-form term sheet with principal terms on a $20 Million senior secured multi-draw credit facility that will be used to fund the Company’s acquisition of Nexogy, as well as the fourth acquisition under Letter of Intent, and for working capital. Since entering into the principal term agreement with its lender, the Company’s management team has been diligent in working with all parties to complete the audit, legal, and regulatory deliverables required to close the multiple transactions concurrently. In July, the Company filed its assignment of assets and change in control application with the Federal Communications Commission on its fourth acquisition.
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