National Holdings Corporation (NasdaqCM:NHLD) entered into a Stock Purchase Agreement to acquire Financial Services International Corporation and United Advisor Services, LLC and United Advisors, LLC from United Atlantic Capital, Llc for $10.4 million on February 7, 2020. At the closing of the transactions, National Holdings Corporation will acquire the purchased shares for an aggregate purchase price of approximately $3 million paid at closing in cash, subject to certain adjustments, plus additional consideration of approximately $7.4 million paid in twelve equal quarterly installment payments in cash, subject to certain adjustments. the transactions are subject to the satisfaction or waiver of customary conditions, including certain regulatory approvals and consents. The purchase agreement also provides for customary termination rights. As of August 13, 2020, FINRA has approved the Continuing Membership Application for the acquisition. The deal is expected to close in fourth quarter of 2020 and is expected to be accretive to National Holdings business in Fiscal 2021. Andrew N. Goldman and Jeff Stein of Wilmer Cutler Pickering Hale and Door LLP advised as a legal advisors to National Holdings Corporation. Paul R. Mcmenamin of McMenamin Law Group advised as a legal advisor to United Atlantic Capital, Llc.