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Quotes & Info
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| INTT > SEC Filings for INTT > Form 8-K on 23-Jan-2009 | All Recent SEC Filings |
23-Jan-2009
Entry into a Material Definitive Agreement
On January 16, 2009, in accordance with the Agreement and Plan of Merger, dated October 6, 2008, inTEST Corporation (the "Company") and Sigma Systems Corp., completed their determination of the note amounts to be issued as part of the merger consideration and, accordingly, the Company executed two notes in the aggregate principal amount of $1,524,908.42 and a Security Agreement in favor of the former Sigma shareholders.
As described in the Form 8-K filed on October 10, 2008, the notes will be payable in annual installments over five years and the Security Agreement grants a security interest in the assets acquired from Sigma as collateral for the notes.
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