Vaso Corporation (VASO) sells NetWolves managed network unit for $14.5M cash
Rhea-AI Filing Summary
Vaso Corporation entered into an Equity Purchase Agreement with COEO Solutions, LLC on July 31, 2026, under which COEO purchased from Vaso and its wholly owned subsidiary VasoTechnology, Inc. all of the issued and outstanding membership interests of NetWolves Network Services LLC. NetWolves provides managed network and multi-technology solutions, including network design, redundancy, application device management, and real-time monitoring, reporting and support.
The base purchase price is $14,500,000.00 in cash, subject to customary post-closing adjustments for net working capital, closing cash, closing indebtedness and unpaid seller expenses. As a result of the transaction, NetWolves ceased to be an indirect wholly owned subsidiary of Vaso. Vaso will file unaudited pro forma condensed consolidated financial information giving effect to the disposition of NetWolves in an amendment, to be included as Exhibit 99.1 within four business days of the closing.
Positive
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Negative
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8-K Event Classification
3 items: 1.01, 2.01, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.01
Completion of Acquisition or Disposition of Assets
Financial
The company completed a significant acquisition or sale of business assets.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Base purchase price: $14,500,000.00
Agreement and closing date: July 31, 2026
Pro forma filing deadline: four business days
3 metrics
Base purchase price
$14,500,000.00
Cash consideration under the Equity Purchase Agreement for NetWolves
Agreement and closing date
July 31, 2026
Date Vaso and COEO Solutions completed the NetWolves membership interest sale
Pro forma filing deadline
four business days
Timeframe to file pro forma financial information as Exhibit 99.1 after closing
Key Terms
Equity Purchase Agreement, net working capital, pro forma condensed consolidated financial information, Emerging growth company, +1 more
5 terms
Equity Purchase Agreement regulatory
"entered into an Equity Purchase Agreement (the “Purchase Agreement”)"
An equity purchase agreement is a legal contract that sets the terms for buying ownership shares in a company, including the number of shares, price, and any conditions that must be met before the sale closes. For investors it matters because it determines how much ownership and control they gain, how the company’s value and share count change, and what protections or obligations each side has—think of it as the detailed bill of sale and ground rules for a stock purchase.
net working capital financial
"subject to customary post-closing adjustments based on net working capital"
Net working capital is the amount left when you subtract a company’s short-term bills (like accounts payable and short-term loans) from its short-term assets (cash, money owed to it, and inventory). Think of it as the cash cushion a business has to keep daily operations running — a bigger cushion means fewer short-term funding worries, while a small or negative number can signal pressure to raise cash or cut activity, which matters to investors assessing stability and short-term risk.
pro forma condensed consolidated financial information financial
"The unaudited pro forma condensed consolidated financial information of Vaso"
Pro forma condensed consolidated financial information presents a company's combined, summarized financial results adjusted to show how a recent or proposed transaction—such as a merger, acquisition, divestiture, or restructuring—would have affected revenue, expenses and assets if it had occurred earlier. Investors use this 'what if' snapshot to judge the potential impact of that event and to compare performance across periods, but it relies on assumptions and is not always the same as audited statements.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 601(a)(5) of Regulation S-K regulatory
"omitted pursuant to Item 601(a)(5) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What major transaction did VASO report involving NetWolves?
Vaso Corporation reported that it sold all membership interests in NetWolves Network Services LLC to COEO Solutions, LLC. The deal transfers NetWolves’ managed network services business and removes it as an indirect wholly owned subsidiary of Vaso.
What was the sale price for NetWolves in VASO’s transaction?
The base purchase price for NetWolves was $14,500,000.00 in cash. This amount is subject to customary post-closing adjustments based on net working capital, closing cash, indebtedness and unpaid seller expenses, as detailed in the Equity Purchase Agreement.
Who bought NetWolves from Vaso Corporation (VASO) and what does NetWolves do?
COEO Solutions, LLC purchased NetWolves from Vaso Corporation and VasoTechnology, Inc. NetWolves provides managed network solutions, including multi-network and multi-technology design, redundancy, device management, and real-time monitoring, reporting and support services.
How does the NetWolves sale affect Vaso Corporation’s structure?
Following the sale, NetWolves Network Services LLC ceased to be an indirect wholly owned subsidiary of Vaso Corporation. All issued and outstanding membership interests were transferred to COEO Solutions, changing Vaso’s consolidated business composition and subsidiary portfolio.
When will VASO provide pro forma financials for the NetWolves sale?
Vaso will file unaudited pro forma condensed consolidated financial information reflecting the NetWolves disposition in an amendment. This information will be included as Exhibit 99.1 and filed within four business days after the transaction’s closing date.