VASO Corp Sells NetWolves to COEO Solutions for $14.5M

What Happened

• VASO Corporation, through its subsidiary VasoTechnology, Inc., entered into an Equity Purchase Agreement on July 31, 2026 to sell all issued and outstanding membership interests in NetWolves Network Services LLC to COEO Solutions, LLC.
• The base cash purchase price is $14,500,000, subject to customary post-closing adjustments for net working capital, closing cash, closing indebtedness and unpaid seller expenses.

Key Details

• Parties: Vaso Corporation and VasoTechnology, Inc. (sellers); NetWolves Network Services LLC (sold business); COEO Solutions, LLC (buyer).
• Agreement date: July 31, 2026; transaction is structured as an equity sale of NetWolves.
• Purchase price: $14,500,000 in cash (base), with customary post-closing adjustments.
• Filing notes: The Equity Purchase Agreement is filed as Exhibit 10.1 to the Form 8‑K; unaudited pro forma condensed consolidated financials reflecting the disposition will be filed as Exhibit 99.1 within four business days of closing.

Why It Matters

• This is a material divestiture: VASO is disposing of its NetWolves managed‑network business and will receive cash proceeds that may affect the company’s liquidity and future financial results.
• The final cash received and near‑term financial impact depend on post‑closing adjustments and will be clearer when the company files the pro forma financial information.
• Representations and warranties in the agreement were made for contractual allocation of risk between the parties and are not independent factual statements about the companies. Investors should review the filed agreement and forthcoming pro forma for details.