$NOW Enters Definitive Agreement to Acquire Allegient Defens NowVertical Group Inc. / $NOW.V has been bullish since announcing on Tuesday that it has entered into an agreement to acquire 100% of the issued and outstanding securities of Allegient Defense.
Allegient Defense is a U.S.-based government defence contractor that provides Systems Engineering and Technical Assistance support to the Department of Defense through data analysis and assessment of new technologies.
Allegient Defense's current contracted revenue backlog (with its customers from 2022-2025) is about $66 Million.
This move is a part of $NOW's expansion into the U.S. public sector.
$NOW is $6.6% in the green today, trading at $1.13
MC is 70.108M
https://ca.finance.yahoo.com/news/nowvertical-group-enters-definitive-agreement-134500660.html