TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.