XpresSpa sells Group Mobile in latest move to shed assets [Seeking Alpha]
XpresSpa Group, Inc. (XSPA)
Last xpresspa group, inc. earnings: 11/14 04:05 pm
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US:NASDAQ Investor Relations:
xpresspagroup.com/investors/corp_overview
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Source: Seeking Alpha
XpresSpa sells Group Mobile in latest move to shed assetsIn an update on its move to shed noncore assets, XpresSpa (XSPA+1.8%) says itsigned a deal yesterday to sell rugged-device maker Group Mobile to Canada's Route 1 (OTCQB:ROIUF).XpresSpa will get stock and warrants valued at $1M with an earn-out estimated at $1M, and it expects to get $0.75M on selling certain inventory.The company also says it's settled outstanding litigation and made additional patent sales for cash of $0.4M.It's noted that in October it sold power transfer/charging solutions developer FLI Charge, and in January sold some patents to Crypto Currency Patent Holdings Co. for about $1.25M.See all stocks on the move »Now read:Glu Mobile: Recovery Is On Its Way »
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