ALJ Regional Holdings, Inc. Announces Acquisition Of Realtime Digital Innovations, LLC, Amendment To Term Loan And Credit Facility, Full-Time Commitment Of Chairman Of The Board And Chief ...
ALJ Regional Holdings, Inc. (ALJJ)
NASDAQ:AMEX Investor Relations:
aljregionalholdings.com/home/default.aspx
Company Research
Source: PR Newswire
NEW YORK, July 31, 2019 /PRNewswire/ -- ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ" or the "Company") announced the following today:Acquisition of Realtime Digital Innovations, LLC ("RDI"), a business solutions provider focusing on intelligence augmentation, process innovation and user experience. In connection with the RDI acquisition, ALJ also announced the closing of an equity private placement raising gross proceeds of $7.0 million at a premium to the market price of the stock. ALJ lowered its guidance for Fiscal 2019. ALJ has entered into an amended financing agreement with Cerberus Business Finance, LLC ("Cerberus"). Jess Ravich, Chairman of the Board, will devote his full time to the management of ALJ as its Chief Executive Officer.ALJ is a holding company, whose primary assets are its subsidiaries Faneuil, Inc. ("Faneuil"), Floors-N-More, LLC, d/b/a Carpets N' More ("Carpets"), and Phoenix Color Corp. ("Phoenix"). Faneuil is a leading provider of outsourcing and co-sourc
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