VPGTP, Inc. entered into an agreement to acquire Velocity Portfolio Group, Inc (OTCPK:VPGI) for $42.9 million on April 23, 2021. VPGTP will purchase all of the shares of common stock of Velocity at a cash purchase price of $4.40 per share. John C. Kleinert, the Chief Executive Officer of Velocity, and certain corporate insiders of Velocity have agreed to contribute all or some portion of their Common Stock (the "Rollover Shares") to VPGTP in exchange for common stock of VPGTP of equivalent value. The closing of the tender offer will be subject to certain conditions, including receipt of all required governmental approvals, if any, and receipt by VPGTP of at least 90% of the total outstanding Common Stock. The tender offer will not be subject to a financing condition. The tender offer will expire on May 26, 2021. Morrow Sodali, LLC is acting as information agent for VPGTP in the offer. Continental Stock Transfer & Trust Company is acting as depositary and paying agent in the tender offer. Houlihan Lokey, Inc. acted as fairness opinion provider to Velocity Portfolio Group, Inc.