SilverSun Technologies Files 8-K

TL;DR

SilverSun Tech filed an 8-K, but no juicy details yet.

AI Summary

SilverSun Technologies, Inc. filed an 8-K on May 28, 2024, to report other events and file financial statements and exhibits. The filing does not contain specific financial figures or details about the nature of the "other events" beyond its classification as a current report.

Why It Matters

This filing indicates a corporate event or update from SilverSun Technologies, Inc. that requires public disclosure under SEC regulations.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and 'Financial Statements and Exhibits' without specific material disclosures that would immediately impact risk.

Key Players & Entities

• SilverSun Technologies, Inc. (company) — Registrant
• May 28, 2024 (date) — Date of earliest event reported
• 120 Eagle Rock Ave East Hanover, NJ 07936 (address) — Principal Executive Offices
• 973-251-0056 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.00001 — h registered Common shares (par value $0.00001 per share) SSNT The NASDAQ Capital
• $1,000,000,000 — ggregate investment by the Investors of $1,000,000,000 in cash in the Company (collectively, t
• $17,400,000 — sh Dividend") in an aggregate amount of $17,400,000, payable on June 12, 2024, to holders o
• $3 — ividend is expected to be approximately $3.27, based on 5,315,581 shares of Compan

Filing Documents

• ea0206907-8k_silversun.htm (8-K) — 58KB
• ea020690701ex10-1_silversun.htm (EX-10.1) — 83KB
• 0001213900-24-046773.txt ( ) — 335KB
• ssnt-20240528.xsd (EX-101.SCH) — 3KB
• ssnt-20240528_lab.xml (EX-101.LAB) — 33KB
• ssnt-20240528_pre.xml (EX-101.PRE) — 22KB
• ea0206907-8k_silversun_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking regarding revenue goals, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking "opportunity," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," or "continue," or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: uncertainties as to the completion of the Equity Investment and the other transactions contemplated by the Investment Agreement, including the risk that one or more of the transactions may involve unexpected costs, liabilities or delays; 1 risks associated with potential significant volatility and fluctuations in the market price of SilverSun's common stock; risks associated with the Company's relatively low public float, which may result in its common stock experiencing significant price volatility; the possibility that competing transaction proposals for the Company may be made; risks associated with raising additional equity or debt capital from public or private markets to pursue the Company's business plan following the closing of the Equity Investment, including in an amount that may significantly exceed the amount of the Equity Investment, and th

Forward-looking statements herein speak only as of the date each statement

Forward-looking statements herein speak only as of the date each statement is made. Neither the Company nor any person undertakes any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law. Additional Information and Where to Find It In connection with the Equity Investment, SilverSun filed with the SEC a definitive proxy statement on Schedule 14A (the "Special Meeting Proxy Statement") on April 30, 2024. SilverSun commenced mailing the Special Meeting Proxy Statement and a form of proxy card to its stockholders on or about April 30, 2024. SILVERSUN'S STOCKHOLDERS ARE URGED TO READ THE SPECIAL MEETING PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED EQUITY INVESTMENT. SilverSun's stockholders are able to obtain, without charge, a copy of the Special Meeting Proxy Statement and other relevant documents filed with the SEC from the SEC's website at http://www.sec.gov. SilverSun's stockholders are also able to obtain, without charge, a copy of the Special Meeting Proxy Statement and other relevant documents from SilverSun's website at https://www.silversuntech.com or by written request to SilverSun at 120 Eagle Rock Avenue, East Hanover, New Jersey 07936. Participants in the Solicitation JPE and SilverSun and its directors and executive officers may be deemed to be participants in the solicitation of proxies from SilverSun's stockholders with respect to the Equity Investment and the other transactions contemplated by the Investment Agreement. The interests of SilverSun and its directors and executive officers with regard to the Equity Investment may differ from the interests of SilverSun's stockholders generally, and stockholders may obtain additional information by reading the Special Meeting Proxy Statement and other relevant documents reg

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Letter Agreement, dated May 28, 2024, by and between the Company and Jacobs Private Equity II, LLC (on behalf of itself and on behalf of each of the other Investors). 104 Cover Page Interactive Data File (formatted as Inline XBRL). 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SILVERSUN TECHNOLOGIES, INC. Date: May 28, 2024 By: /s/ Mark Meller Mark Meller President, Chief Executive Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR