Flexible Solutions International Announces Sale Of Florida LLC Units; Terms Of The Sale Are $2M Paid At Closing And $800K/ Year Paid Annually For 5-Years, Total Received Will Be $6M
Portfolio Pulse from Benzinga Newsdesk
Flexible Solutions International (FSI) announced the sale of its units in a Florida LLC for a total of $6 million. The terms include $2 million paid at closing and $800,000 annually for five years. The original investment was $3.5 million.
August 12, 2024 | 1:12 pm
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Flexible Solutions International (FSI) has sold its units in a Florida LLC for $6 million, with $2 million paid at closing and $800,000 annually for five years. The original investment was $3.5 million.
The sale of the Florida LLC units will provide FSI with a significant return on its original investment of $3.5 million, totaling $6 million over the next five years. This will positively impact FSI's financial position and potentially its stock price in the short term.
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