6D Global Technologies, Inc. (NasdaqCM:SIXD) signed a securities purchase agreement to acquire SwellPath, Inc. for $5.6 million on March 18, 2015. 6D Global paid cash in the amount of $0.3 million and issued 0.30 million common stock and will issue up to an additional 3 million shares and $0.65 million in cash, based upon the achievement by SwellPath of certain performance milestones within the first and second anniversaries of the closing of the transaction. As of December 31, 2014, SwellPath had revenue worth 1.84 million, total assets worth 0.28 million, total common equity worth 0.01 million and net income worth 0.12 million. The acquisition is expected to be accretive to earnings and generate sufficient cash flows to meet day-to-day operations. Peter Campitiello of Kane Kessler, P.C. acted as a legal advisor to 6D Global Technologies.

6D Global Technologies, Inc. (NasdaqCM:SIXD) completed the acquisition of SwellPath, Inc. on March 20, 2015.