Innovative Solutions responds to Christopher Harborne indication of interest

Innovative Solutions announced its response to the unsolicited, non-binding indication of interest to make a proposal from Christopher Harborne, in which Harborne would acquire all of the shares of the company’s common stock not already owned by Harborne at a price of $7.25 per share in cash. The Board unanimously determined that the non-binding indication of interest undervalues IS&S, lacks certainty, and is not in the best interests of the company and its stakeholders.