On March 14, 2024, SilverSun Technologies, Inc. held a special meeting where stockholders approved a significant equity investment by Jacobs Private Equity II, LLC and other minority investors. The investment agreement, initially dated December 3, 2023, outlines a $1 billion cash investment into SilverSun, with $900 million contributed by JPE. The approval was determined by a stockholder vote, with approximately 99.5% of votes cast in favor, representing about 65.7% of all outstanding shares as of the record date, February 12, 2024. The transaction is subject to customary closing conditions and is expected to be completed within the year 2024. The special meeting also resulted in the approval of the Fifth Amended and Restated Certificate of Incorporation, which includes provisions such as a Reverse Stock Split and an increase in the number...Show More

On March 14, 2024, SilverSun Technologies, Inc. held a special meeting where stockholders approved a significant equity investment by Jacobs Private Equity II, LLC and other minority investors. The investment agreement, initially dated December 3, 2023, outlines a $1 billion cash investment into SilverSun, with $900 million contributed by JPE. The approval was determined by a stockholder vote, with approximately 99.5% of votes cast in favor, representing about 65.7% of all outstanding shares as of the record date, February 12, 2024. The transaction is subject to customary closing conditions and is expected to be completed within the year 2024. The special meeting also resulted in the approval of the Fifth Amended and Restated Certificate of Incorporation, which includes provisions such as a Reverse Stock Split and an increase in the number of authorized shares. Additionally, the QXO, Inc. 2024 Omnibus Incentive Plan was approved. The results of the meeting were announced in a press release jointly issued by SilverSun and JPE on March 15, 2024. Financial advisors for the transaction include Goldman Sachs and Morgan Stanley for JPE, and The Benchmark Company, LLC for SilverSun, with legal advice provided by Wachtell, Lipton, Rosen & Katz, and Lucosky Brookman LLP, respectively.