Symbolic Logic Inc EVOL:OTC Pink - Current Information

Last Price$1.12NASDAQ Previous Close - as of 2:53PM ET 5/20/22

Today's Change-0.01(1.32%)
Bid (Size)$0.90 (1,000)
Ask (Size)$1.16 (100)
Day Low / High$1.11 - 1.14
Volume10.3 K

Evolving Systems Agrees to Sell Assets for $40 Million

9:09AM ET 10/18/2021 MT Newswires
Evolving Systems (EVOL) said Monday that it has agreed to sell its activation and marketing businesses to PartnerOne Capital for $40 million.

The assets include the software company's customer acquisition and network services division, as well as its CVML and Loyalty Business.

Evolving Systems said it will receive $37.5 million of the base price in cash, whereas the remaining $2.5 million will be placed in escrow as security for the company's indemnification obligations.

The proposed deal includes a "go-shop" period expiring on Nov. 15.

Shares of Evolving Systems jumped more than 20% in recent pre-bell trading on Monday.