Issuer Direct Corporation (NYSEAMERICAN: ISDR) Files An 8-K Entry into a Material Definitive Agreement

Issuer Direct Corporation (NYSEAMERICAN: ISDR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

Story continues below

On November 28, 2018, Issuer Direct Corporation, a Delaware corporation (the “Company”), entered into a Stock Repurchase Agreement (the “Repurchase Agreement”) with EQS Group AG (the “Stockholder”) whereby the Company agreed to repurchase 215,118 shares (the “Repurchased Shares”) of the Company’s common stock, par value $0.001, from the Stockholder for a per share purchase price of $12.25, or an aggregate purchase price of $2.635 million. The Company expects the closing of the transaction and the return of the Repurchased Shares to occur no later than December 7, 2018. The Company will file an additional Current Report of Form 8-K to report the occurrence and date of the closing.

The Stockholder agreed to provide the Company certain representations and warranties as part of the Repurchase Agreement, including that the Repurchased Shares represent all of the equity held in the Company, either directly or indirectly, by the Stockholder (including any contingent rights to acquire equity) as of the Closing Date (as defined in the Repurchase Agreement). The Company intends to retire all of the Repurchased Shares.

The foregoing description of the Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Repurchase Agreement which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

10.1

Stock Repurchase Agreement dated November 28, 2018 between Issuer Direct Corporation and EQS Group AG.


ISSUER DIRECT CORP Exhibit
EX-10.1 2 isdr_ex101.htm STOCK REPURCHASE AGREEMENT Blueprint   Exhibit 10.1   STOCK REPURCHASE AGREEMENT   THIS STOCK REPURCHASE AGREEMENT (this “Agreement”) is entered into as of November 28,…
To view the full exhibit click here

An ad to help with our costs