Newmark to Acquire Assets of Knotel
Newmark to Acquire Assets of Knotel Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark") today agreed to provide debtor-in-possession ("DIP") financing to Knotel, Inc. ("Knotel") and acquire Knotel's business through its Chapter 11 sales process. "We look forward to supporting Knotel through this difficult period," said Newmark Chief Executive Officer Barry Gosin. "We are providing capital to Knotel so it can right-size its business for the path forward." "Newmark's commitment offers a path forward amidst this challenging climate," said Knotel Co-Founder and Chief Executive Officer Amol Sarva. "W...
Source: finanznachrichten.de