Insignia Systems announced that its shareholders approved its previously announced agreement to sell its in-store marketing business to an affiliate of Park Printing at the Company’s annual meeting of shareholders held on July 27, 2023. The Company expects the sale to close after the market close as of August 3, 2023. Following completion of the sale, the Company will be focused on building a scalable non-bank lending platform, which purchases existing loans and/or originates and funds new loans. In connection with the sale of the in-store marketing business, the Company announced that Kristine Glancy, the Company’s President and CEO, will be departing from the Company at the end of August 2023.
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