Surge Components Tender Offer

Surge Components today announced a tender offer for 5m shares or roughly have of their outstanding stock for $1.43.  The tender must happen before March 15th, 2017.

This tender was a result of discussions between activists Bradley Rexroad and Michael Tofiaas who together own 22% of the outstanding shares.  In return they dropped their litigation against the current management, gain a newly elected director, and it was agreed that Surge would reincorporate from Nevada to Delaware.

Rexroad and Tofiaas are said to tender all of their shares.  Shares as of this writing were still available for 1.30, however no 8k has been filed yet so proceed with caution.

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