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Sonendo (SONX) has provided an announcement.
TDO Software, Inc., a subsidiary of Sonendo, Inc., has sold its endodontic practice management software assets to Valsoft Corporation Inc. and its affiliate for approximately $16 million, with the majority paid upfront and the rest due in a year. The deal includes the transfer of certain liabilities and the offer of employment to the software’s current employees under comparable terms. Additionally, Sonendo amended its credit agreement to include a $15 million repayment and adjusted repayment schedules and other terms. This strategic move aims to streamline Sonendo’s operations and financial structure.
See more insights into SONX stock on TipRanks’ Stock Analysis page.