Deal Snapshot
INFOSONICS CLOSES ACQUISITION OF APPLE PARTNER COOLTECH IN STOCK TRANSACTION
Tuesday 13 March 2018

California, US-based wireless device supplier InfoSonics Corp. (NASDAQ: IFON) has closed the acquisition of Florida, US-based licensed Apple partner and reseller Cooltech Holding Corp. in an all-stock transaction, the company said.
Upon the closing of the merger transaction, Cooltech will become a wholly owned subsidiary of InfoSonics in exchange for 62.5m shares of InfoSonics common stock.


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Details
Date Published: 13/03/2018
Target: Cooltech Holding
Country: USA
Deal Size: 33.75m (USD)
Sector: IT/Online Services
Type: Corporate acquisition
Financing: Stock
Status: Closed
Vendor:
Buyer: InfoSonics Corp
Comment:


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