Welcome to our dedicated page for SYTE news (Ticker: SYTE), a resource for investors and traders seeking the latest updates and insights on SYTE stock.
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Enterprise Diversified, Inc. (OTCQB:SYTE) has announced a definitive merger agreement with CrossingBridge Advisors, LLC. Under this agreement, both companies will become wholly owned subsidiaries of a newly created holding company, ENDI Corp.. ENDI shareholders will hold 52.5% of Class A Common Stock in the new entity. CrossingBridge brings over $1.2 billion in assets under management and aims to enhance ENDI's growth through expanded product offerings and strategic relationships. The merger is expected to close in approximately six months, pending regulatory approvals.
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