SilverSun Technologies Inc (SSNT) has provided an update.
SilverSun Technologies has amended its initial investment agreement, cancelling the planned spin-off of its existing business and retaining operations. The revised deal includes a significant increase in the cash dividend for stockholders, fueled by a $1 billion equity investment from Jacobs Private Equity II, LLC and other investors. Moreover, CEO Mark Meller has entered into a new employment arrangement, ensuring his leadership until September 2028, with a severance package and salary increases defined. Stockholders are advised to read the proxy statement for detailed information on the equity investment, which is subject to stockholder and regulatory approvals.
For detailed information about SSNT stock, go to TipRanks’ Stock Analysis page.
