M&A - CASS INFORMATION SYSTEMS INC

Form Type: 8-K

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: New

Accession Number: 000070878125000030

Filing Summary: On April 8, 2025, Cass Information Systems, Inc. announced the execution of an Asset Purchase Agreement for the sale of its Telecom Expense Management & Managed Mobility Services (TEM) business to Asignet USA Inc. The purchase price is set at $18.0 million in cash, which is subject to customary purchase price adjustments and closing conditions. The transaction is expected to close in the second quarter of 2025, signaling a strategic move for the company in its operational focus.

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