Deal snapshot: Ault Alliance to Purchase Architecture, Engineering, and Design Services Firm EYP for USD 68m.
MANews-(C)2009-2022
Las Vegas-based technology company Ault Alliance, Inc. has agreed to lend approximately USD 12m (inclusive of existing loans) through a super-priority debtor-in-possession (DIP) loan to purchase New York-based architecture, engineering, and design services firm EYP, Inc. and its affiliates for USD 68m, the company said.
The asset purchase agreement constitutes a stalking horse bid in a sale process being conducted under Section 363...
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