03 February 2017 • Articles
Morrow Sodali
Surge Components, Inc. Tender Offer
Surge Components, Inc. (OTC Pink: SPRS), a leading supplier of capacitors, discrete semi-conductors and audible and sounding devices, announced it has reached an agreement with investors Bradley Rexroad and Michael Tofias, who together own approximately 22% of Surge’s outstanding shares. Pursuant to the agreement, Surge announced today that it will commence an issuer tender offer to repurchase at least 5.0 million shares at a price of $1.43 per share.
Morrow Sodali is serving as the information agent for this transaction.