Issuer Direct Corporation (NYSEAMERICAN: ISDR) Files An 8-K Other EventsItem 8.01.Other Events.
As previously reported on the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 4, 2018 (the “Original Form 8-K”), Issuer Direct Corporation, a Delaware corporation (the “Company”), entered into a Stock Repurchase Agreement (the “Repurchase Agreement”) dated November 28, 2018 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.
On December 5, 2018 (the “Closing Date”), the transaction closed and the Company acquired the Repurchased Shares.
The Stockholder provided 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. The Company intends to retire all of the Repurchased Shares.
A copy of the Repurchase Agreement is attached as Exhibit 10.1 to the Original Form 8-K.
On December 6, 2018, the Company issued a press release announcing the Repurchase Agreement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
Press release issued by Issuer Direct Corporation dated December 6, 2018.
ISSUER DIRECT CORP ExhibitEX-99.1 2 isdr_ex991.htm PRESS RELEASE Blueprint Exhibit 99.1 Issuer Direct Repurchases 215,…To view the full exhibit click