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As a result of the completion of the transaction, ZAGG's stockholders will receive $4.20 per share in cash and a contingent right to receive an additional payment of up to $0.30 per share, and ZAGG's common stock will cease to trade on the Nasdaq Global Select exchange.
If the Merger is completed, you will be entitled to receive $4.20 in cash (the ?Closing Date Consideration?) and one ?PPP Loan Forgiveness Right? representing the contingent right to receive up to $0.25 (the ?Contingent Consideration Amount?) based on the forgiveness of the Company's U.S. Small Business Administration ...
(?Evercel?) (OTC: EVRC) today announced the completion of its acquisition of ZAGG Inc. The transaction was previously announced on December 11, 2020 and received approval from ZAGG's stockholders on February 18, 2021. Evercel will be the majority owner of the holding company formed to acquire ZAGG.