Brighton Best Int. Buys Ironclad Performance Wear (OTC:ICPWQ) Assets for 25.25 Million
In a competitive auction on October 30th between three bidders (including Radians) Brighton Best International came out on top scooping up Ironclad Performance Wear's assets for $25.25M. As of the September MOR, Ironclad had 9.2M in total liabilities leaving equity shareholders substantially in the money, even factoring in future legal and wind down expenses.