Solowin Holdings (NasdaqCM:SWIN) entered into a purchase agreement to acquire Cambria Capital, LLC from Cambria Asset Management, Llc for $0.7 million on March 5, 2024. The aggregate purchase price is $0.7 million which shall be payable in consideration for the purchase of 100% of the Cambria Capital Membership Interests from the Cambria Asset Management, Llc, with such Purchase Price structured in two phases the initial purchase of 24.9% of the Cambria Capital Membership Interests for $0.2 million and the subsequent purchase of 75.1% of the Cambria Capital Membership Interests for $0.5 million. Closing shall be subject to the satisfaction or waiver by the Solowin Holdings and the Cambria Asset Management to be obtained from or made with any third Person and obtained the approval by FINRA of the Rule 1017 Application.
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- Solowin Holdings entered into a purchase agreement to acquire Cambria Capital, LLC from Cambria Asset Management, Llc for $0.7 million.