SilverSun Technologies, the NASDAQ traded ( SSNT ) parent of Acumatica’s 2024 Partner Of The Year SWK Technologies, has proposed a revision to its plans for a large investment deal. 

Here’s what’s new:

No More Split: SilverSun is no longer splitting off part of its business as originally planned.

Shareholder Dividend: Instead, stockholders will get a larger cash dividend payout of about $3.27 per share.

New Leadership: A group led by Brad Jacobs is investing $1 billion in SilverSun and will take control of the company.

Future Focus: The newly-renamed company (QXO, Inc.) will specialize in technology for the building products industry.

Important Meeting on May 30th

SilverSun stockholders will meet on May 30th to vote on the revised investment plan. The company’s board of directors recommends voting in favor of the changes.