Jul. 5 at 6:05 PM
$HWNI
Mark is SHARP🤡
VigilAigent (ticker: TGCB), previously known as Tego Cyber, was acquired by Intrusion Inc. (NASDAQ: INTZ).The deal was structured as a two-stage acquisition with the following financial details:Initial Valuation: The first closing of 60% of the company was acquired for
$1.95 million in a mix of cash, stock, and prior deposits.Contingent Earn-out: Tego Cyber can receive up to an additional
$6.9 million in earn-outs tied to hitting revenue and cash flow milestones through March 2028.Revenue Added: The acquisition adds roughly
$3.5 million in annual recurring revenue (ARR) from multi-year customer contracts.