SFE - Safeguard Scientifics sells its stake in Zipnosis

Safeguard Scientifics (SFE) deployed an aggregate of $10.0M to Zipnosis beginning in Dec. 2015.The company received $3.3M of initial cash proceeds and a preferred equity interest in Bright Health Group, a national integrated healthcare company."The majority of the consideration we received in the transaction is reflected in this preferred equity interest."Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies.The company will report a gain on the sale of the Zipnosis ownership interest for the quarter ended March 31, 2021.Press Release

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Safeguard Scientifics sells its stake in Zipnosis