Evercel, Inc. (OTCPK: EVRC) acquired remaining 19.9% stake in Printronix for $4.5 million on August 21, 2014. The deal was financed through Printronix's lenders. The shares acquired are subject to a carried interest held by certain members of management and others. Evercel now beneficially owns all of Printronix, less options and shares that may be sold or issued in the future to management.


Evercel, Inc. (OTCPK: EVRC) completed the acquisition of remaining 19.9% stake in Printronix on August 21, 2014.