root9B Holdings in Yahoo Finance

root9B Holdings Sells IPSA’s Investigative Due Diligence Practice

COLORADO SPRINGS, Colo., May 1, 2017 – root9B Holdings, Inc. (RTNB) (“RTNB”) today announced that it has sold the Investigative Due Diligence Practice (“IDDP”) of its wholly-owned subsidiary IPSA International Services, Inc. (“IPSA”) to Exiger Canada, Inc. (“Exiger”) for total consideration of $6 million and up to an additional $4 million by way of a three-year earn-out based on the achievement by IDDP of certain performance targets. Proceeds will be reduced by a Working Capital Adjustment, currently estimated to be in excess of $1.0m.
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