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Stock impact report

Nightfood Holdings signs LOI for all-stock acquisition of CarryOutSupplies.com [Seeking Alpha]

NIGHTFOOD HLDGS INC (NGTF) 
NASDAQ:AMEX Investor Relations: ir.nightfood.com
Company Research Source: Seeking Alpha
As per the deal terms, through its wholly-owned subsidiary, Future Hospitality Ventures Holdings Inc., Nightfood will acquire the reemerging wholesaler in an all-stock transaction. CarryOut, a leading provider of disposable takeout packaging solutions serving the entire U.S., has served over 7,000 wholesale accounts and experienced significant growth before the COVID food service contraction. In 2023, it recorded revenue of over $2 million, indicating potential for a return to pre-COVID profitability. "CarryOut is an exciting stand-alone business, and the strategic value of this acquisition is greatly enhanced by synergies with our existing subsidiaries and those we anticipate acquiring in the future," said Lei Sonny Wang, CEO of Nightfood Holdings. Recommended For You More Trending News Recommended For You More Trending News About NGTF Stock Related Stocks Trending Analysis Trending News Show less Read more
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