Gresham Worldwide, Inc. and Ault Disruptive Technologies Corporation Announce Merger Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: Newsfilter
- Merger Agreement: Gresham Worldwide, Inc. and Ault Disruptive Technologies Corporation have entered a definitive agreement for a merger.
- Transaction Overview: The merger is valued at an estimated pro forma enterprise value of approximately $83 million with Gresham stockholders retaining 100% of their equity.
- Leadership and Operations: After the merger, the combined company will be led by Jonathan Read and Lutz P. Henckels from Gresham.
- Financial Details: Gresham expects up to approximately $1 million in gross cash proceeds and plans to use net proceeds for business growth.
- Advisors and Legal Aspects: A.G.P./Alliance Global Partners is serving as financial advisor to Ault Disruptive, while legal advisors are involved in the process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
