Fort Technology Closes Acquisition of Logia USA - Fuel Integrity Solutions for Data Centers Company
Fort Technology closed the acquisition of a 50.1% stake in Logia USA, a provider of fuel integrity solutions for data centers, issuing 132,603 shares valued at $125,000 at closing. The transaction includes an unsecured $2.0 million credit facility for Logia USA and a consulting agreement paying the founder $140,000 annually plus up to $2.5 million in shares upon achieving sales milestones.
Key figures
- Deal Value Usd
- 125000
- Earnout shares max
- 2652058
- Credit facility usd
- 2000000
- Earnout value max usd
- 2500000
- Interest rate percent
- 6
- Consulting fee annual usd
- 140000
- Operating profit threshold usd
- 5000000
AI analysis
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