SilverSun Technologies, Inc. (NASDAQ: SSNT) commenced the week with an astounding surge of 240.33%, reaching $12.19 during Monday’s trading session. The rise in SSNT stock followed a takeover move.
SilverSun (SSNT) and Brad Jacobs-led Jacobs Private Equity II, LLC (JPE) jointly disclosed a significant investment accord involving JPE, minority co-investors, and SilverSun. Pursuant to this agreement, JPE and co-investors, including Sequoia Heritage, will inject a substantial sum of $1 billion in cash into SSNT. The proposed equity infusion comprises $900 million from JPE and $100 million from co-investors.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Upon the finalization of this equity investment, JPE will assume the role of the principal stockholder of SilverSun, with Jacobs taking on the responsibilities of the Chief Executive Officer and Chairman of the Board of Directors. The Investment Agreement additionally outlines the spin-off of the Company’s existing business to SilverSun stockholders, with a record date anticipated to be one day before the investment’s closure.
The residual entity will transform into a standalone platform poised for noteworthy acquisitions in an industry to be unveiled soon, accompanied by a new corporate identity. Jacobs boasts a distinguished track record, having executed approximately 500 M&A transactions throughout his career and successfully establishing five publicly traded companies, each reaching multi-billion-dollar valuations: XPO, Inc., GXO Logistics, Inc., RXO, Inc., United Rentals, Inc., and United Waste Systems, Inc.
These enterprises have consistently attracted top-tier talent, harnessed technological advantages, and expanded through strategic capital allocations for both M&A and organic growth. In adherence to the terms of the Investment Agreement, the Company will promptly initiate the separation (“spin-off”) of the existing SSNT business, designating it as SilverSun Technologies Holdings, Inc. (SSNT).
SSNT will distribute all shares of the spin-off company to stockholders, with a record date expected to precede the equity investment’s closure. Moreover, SilverSun will undertake an 8:1 reverse stock split before the equity investment’s finalization. The current management and board of directors, including Mark Meller, the Chief Executive Officer of SilverSun, are anticipated to retain their positions in the spin-off company and its affiliated subsidiaries.
