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ClosedPublished 10 Mar 2023

ADEX Acquisition Corp. /
ADEX Corporation

ADEX Acquisition Corp. buys ADEX Corporation in a staffing business sale

Valuation
$11.5m
Stage
Closed
Buy side: ADEX Acquisition Corp.
Buy sideADEX Acquisition Corp.
Target: ADEX Corporation
TargetADEX Corporation
Source · 10 Mar 2023
See the source
Buy side: ADEX Acquisition Corp.
Buy sideADEX Acquisition Corp.
Target: ADEX Corporation
TargetADEX Corporation
01 / BuyerADEX Acquisition Corp.
02 / TargetADEX Corporation
01

What happened

High Wire Networks, Inc. sold its legacy staffing business to ADEX Acquisition Corp. The sale closed simultaneously with the signing of the agreement.

The transaction was valued at approximately $11.5 million, primarily through the elimination of approximately $10 million of debt and cancellation of 140 shares of Series D preferred equity.

02

The source

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01
Source · Original source

ADEX Acquisition Corp. buys ADEX Corporation in a staffing business sale

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

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