Verra Mobility Corporation (VRRM) has released an update.
In a strategic move, the Company has solidified a $31.5 million business arrangement with PlusPass, a Texas-based tech firm known for its mobile tolling app. This deal resolves ongoing litigation and includes the acquisition of certain PlusPass assets. The payment, to be made from the Company’s existing cash reserves, will be reflected in the upcoming quarterly financials. This development is part of the Company’s forward-looking statements, which involve inherent uncertainties and are based on various assumptions about future events.
For further insights into VRRM stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
