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Stock impact report

Glowpoint and SharedLabs Announce Letter of Intent for Merger Transaction

GLOWPOINT (GLOW)  More Company Research Source: GlobeNewswire
NASDAQ:AMEX Investor Relations: glowpoint.com/company/investor-relations
PDF DENVER and JACKSONVILLE, Fla., Nov. 05, 2018 (GLOBE NEWSWIRE) -- Glowpoint, Inc. (NYSE American: GLOW) (“Glowpoint”), a managed service provider of video collaboration and network applications, and SharedLabs, Inc. (“SharedLabs”), a privately held global software and technology services company located in Jacksonville, Florida, today announced that they have executed a non-binding letter of intent relating to a proposed business combination of Glowpoint and SharedLabs. Subject to the terms and conditions set forth in the non-binding letter of intent, Glowpoint would acquire 100% of the issued and outstanding equity securities of SharedLabs in exchange for an aggregate of 112,802,326 shares of Glowpoint common stock. Upon consummation of the proposed business combination, the stockholders of Glowpoint existing prior to the transaction would collectively own an approximately 34% interest in the combined company. The shares of common stock to be issued by Glowpoint in the business comb [Read more]
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