Crown Capital closes sale of Galaxy Broadband to Calian for up to $51.5 million
Reuters2026/08/24 22:21- Crown Capital completed the sale of Galaxy Broadband Communications to Calian Group under a June 25, 2026 share purchase agreement.
- Total consideration up to $51.5 million, including a $24 million base amount with $2.55 million placed in escrow at closing.
- Earnouts of up to $27.5 million tied to adjusted EBITDA targets across three 12-month periods following closing.
- Closing followed the effectiveness of amendments to Crown’s 12% secured subordinated debentures due Dec. 31, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Macro policy shift sparks a broad rebound in crypto assets; bitcoin surges more than 20% in three days, marking its biggest gain since 2023.
On Monday, Bitcoin and cryptocurrency-related stocks continued last week’s rally. Amid growing investor concerns over inflation and fiscal deficits, the flagship cryptocurrency broke through its previous trading range, with its price continuing to climb.
Strong corporate earnings expectations and robust economic fundamentals! Cantor bets on the AI boom to drive further gains in US stocks
Cantor Fitzgerald analyst Eric Johnston remains bullish on the U.S. stock market heading into the end of the year, expecting tech stocks to lead the market higher.
Fletcher Building corrects 2026 annual report auditor signature date typo
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
