Star Equity Holdings Acquires Timber Technologies; $23M Cash-Free, Debt-Free Purchase Price With $16M In Up Front Cash; $4M In Deferred Cash And $3M 2-Year Earn-Out Payable 50% In Cash And 50% In Shares Of STRRP Preferred Stock
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Star Equity Holdings has acquired Timber Technologies for a cash-free, debt-free purchase price of $23 million. The deal includes $16 million in upfront cash, $4 million in deferred cash, and a $3 million 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock.
May 20, 2024 | 12:33 pm
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Star Equity Holdings has acquired Timber Technologies for $23 million, which includes $16 million in upfront cash, $4 million in deferred cash, and a $3 million 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock.
The acquisition of Timber Technologies by Star Equity Holdings is likely to have a positive short-term impact on STRR's stock price. The deal structure, which includes a significant upfront cash payment and a deferred earn-out, indicates a strategic investment that could enhance STRR's market position and financial performance.
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