Zoned Properties, Inc. (ZDPY)

Key Insights

• Zoned Properties, Inc. has entered into a material definitive agreement to sell its business and assets to a buyer led by the company's chairman, CEO, and COO in a management buyout transaction.
• The purchase price for the assets is $7 million, subject to adjustment for additional assets acquired or sold by the company prior to closing.
• The company's three independent directors have reviewed, negotiated, and approved the management buyout transaction.