Cybergy Holdings, Inc. acquired Binary Group, Inc. from Qun Rose Wang for $3.7 million.
November 15, 2015
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Cybergy Holdings, Inc. (OTCPK:CYBG) acquired Binary Group, Inc. from Qun Rose Wang for $3.7 million on November 9, 2015. Under the terms, the consideration paid includes $4.3 million in cash less a working capital adjustment of $0.12 million and $3 million in common stock of Cybergy Holdings. A cash payment was used to retire a loan held by Binary in the amount of $1.3 million at closing, which comprised the balance of the purchase price.
Cybergy Holdings, Inc. (OTCPK:CYBG) completed the acquisition of Binary Group, Inc. from Qun Rose Wang on November 9, 2015.
Cybergy Holdings, Inc. is a holding company for its subsidiary, Cybergy Partners, Inc. (Partners). The Company is engaged in delivering technology-enabled products and services in clean energy, smart grid, energy resilience, cybersecurity, and business growth services. Partners is engaged in offering advisory services. Partners provide products for the federal and state governments, and commercial clients. The Company operates through three divisions: Cybergy Labs, New West Technologies and Primetrix. Cybergy Labs is a developer of specialized cybersecurity software applications, including SmartFile. New West Technologies provides energy solutions. Primetrix serves the United States Federal Government contractor firms with contract procurement, compliance, and growth services.
CYBERGY HOLDINGS, INC. 
