INUVO, INC. (NYSEMKT:INUV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
|
Item 2.03
|
Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant. |
Financing Modification Agreement with Western Alliance Bank
(which acquired Bridge Bank, N.A., our original lender, in June
2015) that, among other things: (i) added NetSeer, Inc., an Inuvo
subsidiary, as a party; and (ii) modified certain Quick Ratio and
Adjusted EBITDA targets.
Modification Agreement is a summary and is qualified in its
entirety by the terms of the Eighth Business Financing
Modification Agreement, a copy of which will be filed with our
Quarterly Report on Form 10-Q for the quarter ending March 31,
2017.
About INUVO, INC. (NYSEMKT:INUV)
Inuvo, Inc. (Inuvo) is an Internet advertising technology and digital publishing company. The Company operates through two segments: the Partner Network (advertising technology), and the Owned and Operated Network (digital publishing). Within the Partner Network segment, the Company recruits online publishers and provides them an advertising delivery service, the primary brands for which are ValidClick and SearchLinks. This service allows publishers the ability to place Inuvo advertising-technology in various locations and configurations within their Website or application for either a desktop or a mobile implementation. The Owned and Operated Network segment designs, builds and markets consumer Websites and applications. This segment consists of its main online property marketed under the ALOT brand and various other Websites targeted at specific demographics, such as EARNSPENDLIVE and sites designed for generating leads in a specific market vertical, such as ASKTHIS for automotive. INUVO, INC. (NYSEMKT:INUV) Recent Trading Information
INUVO, INC. (NYSEMKT:INUV) closed its last trading session up +0.03 at 1.31 with 1,283 shares trading hands.
