Zoned Properties, Inc. [ZDPY] - / BPB Asset Sale
Zoned Properties, Inc. has filed a merger proxy for an asset sale to BPB with a purchase price of $7,000,000, subject to adjustments based on additional real estate acquisitions and assumed indebtedness.
Why this matters
Zoned Properties, Inc., a company involved in the operation of nonresidential buildings, has announced an asset sale to BPB for a purchase price of $7,000,000, with potential adjustments based on additional real estate acquisitions and assumed indebtedness. This transaction follows the filing of a merger proxy and is part of the company's strategic alternatives, which may not be as favorable to stockholders as the asset sale. The deal is subject to stockholder approval and other customary closing conditions.