INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) Form 8-K — Oct 23, 2026
Intelligent Protection Management Corp. signed a Unit Purchase Agreement on October 22, 2026 to acquire AdTech, a California provider of IT, telecom, connectivity and managed services to SMBs, via a newly formed subsidiary, JVCo. The deal closes in two stages: IPM buys 49% of JVCo for $750,000 in cash after CPUC Tier 2 Advice Letter approval, then the remaining 51% for $1,250,000 in cash, a $600,000 seller note, and up to $500,000 in IPM stock after CPUC change-of-control approval. AdTech is also eligible for an earnout of up to $100,000 tied to 2027 revenue from existing AdTech customers, implying total consideration of up to roughly $3.2 million.
Key figures
- Earnout max
- 100000
- Seller note principal
- 600000
- Indemnification escrow
- 490000
- Max stock consideration
- 500000
- Initial cash consideration
- 750000
- Final closing stake percent
- 51
- First closing stake percent
- 49
- Remaining cash consideration
- 1250000
- Stock consideration floor price
- 1
- Purchase price adjustment escrow
- 50000
AI analysis
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