DecisionPoint Systems (DPSI) has issued an update.
On April 30, 2024, DecisionPoint Systems, Inc. agreed to a Merger with Barcoding Derby Buyer, Inc., and its subsidiary, resulting in DecisionPoint becoming a wholly-owned entity of the Parent company. The Merger will lead to each share of DecisionPoint’s common stock being converted into a cash entitlement of $10.22. The agreement includes customary representations and covenants, with the transaction hinging on the approval of DecisionPoint’s stockholders and other closing conditions, without any financing contingency. Additionally, equity and debt financing have been secured to fund the Merger. Key DecisionPoint stakeholders have entered into voting agreements to support the transaction, which is also subject to termination fees and expense reimbursement obligations under certain circumstances.
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