Xspand Products Lab Announces Closing of Edison Nation, LLC Acquisition
XSPAND PRODUCTS LAB (XSPL)
Company Research
Source: GlobeNewswire
Management to Host Virtual Webinar on September 17th at 4:30 p.m. Eastern Time to Provide a Corporate Update and Present an Overview of the Business Model PHILLIPSBURG, N.J., Sept. 05, 2018 (GLOBE NEWSWIRE) -- Xspand Products Lab, Inc. (“Xspand”) (the “Company”), a full-service product development company, has closed the previously announced acquisition of the Company’s strategic partner, Edison Nation LLC (“Edison Nation”), for total consideration of $950,000 and 990,000 shares of common stock. Edison Nation is a consumer product development consulting firm that helps independent innovators commercialize their ideas and inventions, leveraging its proprietary lead-generation platform. Using this business model, Edison Nation offers a capital-lite, high-reward process that accelerates product development timelines and significantly reduces research and development expenses. To-date, Edison Nation has invested over $11.0 million in its proprietary platform, which aggregates innovat
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