KASCO LLC acquired iGo, Inc. (OTCPK:IGOI) from Steel Partners Holdings L.P. (NYSE:SPLP) and others in a reverse merger transaction on December 31, 2018. Under the terms of the deal, iGo issued 5 million common shares to Steel Partners Holdings and assumed $15 million of Kasco indebtedness, with access to a total of $18.5 million in borrowing capacity as part of a revolving credit sub-facility under Steel Partners' existing $700 million credit line. Following the transaction, Steel Partners Holdings now owns 80.2% of iGo's common stock. Kasco's management team will remain in place as part of iGo. The transaction was approved by the iGo board, including its independent directors. Steve Wolosky, Jason Saltsberg, Claudia Dubón and John Corrado of Olshan acted as legal advisors for Steel Partners Holdings.

KASCO LLC completed the acquisition of iGo, Inc. (OTCPK:IGOI) from Steel Partners Holdings L.P. (NYSE:SPLP) and others in a reverse merger transaction on December 31, 2018.