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
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NGTF
News
- Future Hospitality Ventures Unveils Bold, New AI-Driven Initiative to Revolutionize the $300 Billion Hospitality MarketGlobeNewswire
- Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary TrainingGlobeNewswire
- Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com [Yahoo! Finance]Yahoo! Finance
- Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.comGlobeNewswire
NGTF
Sec Filings
- 10/1/24 - Form 8-K
- 10/1/24 - Form NT
- 9/10/24 - Form 8-K
- NGTF's page on the SEC website