ACCESS Newswire Inc. announced the completion of the sale of its corporate compliance division to Equiniti Trust Company, LLC, on February 28, 2025. The transaction involved a total cash consideration of $12.5 million, with $12 million paid at closing and $500,000 held back for twelve months.
This divestiture includes substantially all assets of Direct Transfer LLC, ACCESS Newswire's stock transfer agent brand, which will now operate under EQ. The sale enables ACCESS Newswire to strategically transform into a pure communications SaaS subscription model.
The transaction had a significant financial impact, reducing the company's long-term debt by 78%. This move is expected to create a focused emphasis on the higher-growth communications subscription business, streamlining operations and improving financial flexibility.
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