Quantum Cyber Files Audited and Reviewed Financial Statements and Pro Forma Financial Information for Bridgeport Manufacturing Acquisition
Quantum Cyber filed an 8-K/A furnishing audited financials and pro forma information for its previously closed acquisition of the Arcade metal stamping business and Bridgeport, CT facility. The aggregate purchase price was $4,180,000, funded entirely with cash on hand with no debt incurred and no liabilities assumed; the purchase price allocation shows no residual goodwill. The audit by Haskell & White LLP carries an unqualified opinion with no going-concern qualification, which management says provides third-party validation of the acquired business's substance.
Key figures
- Deal Value Usd
- 4180000
- Funding
- all-cash, no debt incurred, no liabilities assumed
- Goodwill
- 0
- Facility sqft
- 53000
- Purchase price inventory
- 980000
- Purchase price real property
- 2300000
- Purchase price business assets
- 900000
AI analysis
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