Labwire, Inc. (OTCPK:LBWR) entered into a letter of intent to acquire Assure Media, LLC for $4 million on September 26, 2023. The acquisition will be funded through a strategic combination of a debt offering and an innovative profit-sharing ("earn-out") payment structure. Labwire reported the revenue of $22.2 million and operating income of $3.3 million for the period ended December 31, 2022.

The deal is expected to close on or before October 31, 2023.