Issuer Direct Corporation (NYSEAM:ISDR) acquired iNewswire.com LLC from Lead Capital, LLC for $44 million on November 1, 2022. The consideration consists of a cash payment of $18 million subject to a 60-day escrow to secure the payment of any working capital adjustments or any employee bonus obligations of iNewswire, issuance of a Secured Promissory Note in the principal amount of $22 million, and the issuance of 180,181 shares of the Company’s common stock, par value $0.001 , valued at approximately $ 3.9 million based on Issuer Direct Corporation’s closing stock price of $21.60 on the closing Date. The Secured Note is due and payable on November 8, 2023 and bears an annual interest rate of 6%. Newswire reported revenue of $10.1 million for the period ended December 31, 2021. Jeffrey M. Quick of Quick Law Group PC acted as legal advisor to Issuer Direct Corporation. Timothy Horner of Horner Law Office acted as legal advisor to Lead Capital, LLC.

Issuer Direct Corporation (NYSEAM:ISDR) completed the acquisition of iNewswire.com LLC from Lead Capital, LLC on November 1, 2022.