News & Events zu Intelligent Protection Management Corp (IPM)IPMIntelligent Protection Management Corp

Intelligent Protection Management Acquires AdTech Business for Up to $2.7M

Intelligent Protection Management has entered into a definitive agreement with Advanced Technology Distributors pursuant to which IPM will acquire AdTech's information technology, telecommunications, connectivity, managed services and related infrastructure solutions business throughout central and northern California and beyond, for a purchase price of up to $2.7M. As part of the transaction, AdTech will contribute the business to AdTech IT, or JVCo, its wholly owned subsidiary, and IPM will acquire the outstanding membership interests of JVCo, in two stages. At the initial closing, AdTech will acquire 49% of the membership interests of JVCo and at a subsequent closing, IPM will acquire the remaining 51% of JVCo. The first closing is expected to occur promptly after the California Public Utilities Commission approves a Tier 2 Advice Letter. The final closing is expected to occur promptly after the CPUC approves a change-of-control filing relating to the CLEC License. The transaction provides for aggregate consideration of up to $2.7M, including a cash payment at the closings, a seller note and a performance-based earnout payment payable upon achievement of certain milestones. Following the final closing, JVCo will become a wholly owned subsidiary of IPM.

Intelligent Protection Management Files $50M Mixed Securities Shelf

Intelligent Protection Management files $50M mixed securities shelf

Stock Futures Slightly Lower Amid Oil Price Volatility

Stock futures were fractionally lower following marginal gains during Tuesday's session amid continuing conflict in Iran. Though oil ended up down for the session, it was trading higher earlier in the session once again following comments from President Trump on Monday, in which he suggested that a coalition to protect shipping along the Strait of Hormuz remains in the works, though he told reporters that some countries are "less than enthusiastic" about such plans. Meanwhile, investors continue to monitor further developments in Iran, particularly after Iran's security chief Ali Larijani was killed in airstrikes overnight, according to Israeli Defense Minister Israel Katz.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -High Tideup 8.4%ALSO HIGHER -Swarmerup 35.2% after its IPO opened at $12.50 per shareLOWER AFTER EARNINGS -Cibusdown 10.3%Lululemondown 1.6%ALSO LOWER -Intelligent Protectiondown 8.5% after filing to sell 9M shares of common stock for holders