TUCOWS INC. (NASDAQ:TCX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive
Agreement.
Amendment to Stock Purchase Agreement with Rightside Group,
Ltd.
On June 13, 2017, Tucows Inc. (the Company), entered into a First
Amendment to Stock Purchase Agreement (the Amendment) by and
among the Company, Tucows (Emerald), LLC, a Delaware limited
liability company and wholly owned subsidiary of the Company,
Rightside Group, Ltd., a Delaware corporation, Rightside
Operating Co., a Delaware corporation and eNom, Incorporated, a
Nevada corporation, to amend certain provisions in the Stock
Purchase Agreement by and among the parties dated January 20,
2017. to the Amendment, the definition of Escrow Triggering Event
was revised to remove a change in control of the Company and the
definition of Minimum Cash Amount was revised to mean
$5.35million from June13, 2017 until the end of April20, 2018,
and zero thereafter.
The foregoing description of the Amendment does not purport to be
complete and is subject to and qualified in its entirety by
reference to the full text of the Amendment, a copy of which is
attached hereto as Exhibit 10.1 and is incorporated herein by
reference.
Item9.01Financial Statements and Exhibits.
(d)Exhibits.
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ExhibitNo. |
ExhibitTitle |
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10.1 |
First Amendment to Stock Purchase Agreement, dated as of |
About TUCOWS INC. (NASDAQ:TCX)
Tucows Inc. is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services. The Network Access Services segment is engaged in the sale of retail mobile phones and services (Ting Mobile) to individuals and small businesses through the Ting Website, as well as other network access services, including high speed Internet access, Internet hosting and network consulting services. The Company focuses on serving the needs of network of resellers by providing services, interfaces, customer service, reseller-oriented technology, and design and development processes. The Company focuses its service offerings under brands, including OpenSRS, YummyNames, Platypus, Hover and Ting.