Silversun (SSNT) Shareholders Approve $1B Equity Investment

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Go back to Silversun (SSNT) Shareholders Approve $1B Equity Investment

SilverSun Stockholders Approve Equity Investment

March 15, 2024 7:01 AM EDT

GREENWICH, CT and EAST HANOVER, NJ / ACCESSWIRE / March 15, 2024 / Jacobs Private Equity II, LLC ("JPE"), which is led by Brad Jacobs, and SilverSun Technologies, Inc. (NASDAQ: SSNT) ("SilverSun" or the "Company") today announced that SilverSun stockholders overwhelmingly voted to approve the transactions contemplated by the previously announced equity investment agreement (the "Investment Agreement") among SilverSun, JPE and certain minority co-investors, and other related proposals. Pursuant to the Investment Agreement, JPE and the minority co-investors will invest $1 billion in cash into SilverSun.

Based on a preliminary tabulation of the stockholder vote, approximately 99.5% of all... More