- Crexendo ( NASDAQ: CXDO ) will acquire Allegiant Networks that will expand Crexendo's business and footprint, particularly in Kansas and Missouri.
- Allegiant is a strong regional telecom and data services company.
- The proposed transaction is a natural continuation of the M&A strategy that is focused on adding strong companies that are currently part of our ecosystem, that use the company's platform and allow to expand its reach and offerings.
- Company will pay $2M in cash and will issue issue 2,461,538 shares.
- Transaction is expected in Q4 2022.
For further details see:
Crexendo surges 8% on Allegiant Networks acquisition