M&A - INFINITE GROUP INC

Form Type: 8-K

Filing Date: 2025-03-18

Corporate Action: Acquisition

Type: New

Accession Number: 000165495425002972

Filing Summary: On March 12, 2025, Infinite Group, Inc. entered into an Asset Purchase Agreement with Opti9 Technologies LLC for the sale of its Ace Server Management division. The purchase price is set at $7,500,000, alongside liability assumptions regarding contracts with Peraton. The transaction is expected to close in June 2025, contingent upon various customary conditions such as stockholder and Peraton consent. Additionally, stockholders owning approximately 28% of shares have signed voting agreements to support the sale. The upcoming stockholders meeting for transaction approval is scheduled for June 4, 2025.

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