System1 Receives Indication of Interest for Total Security from Just Develop It

(24/7 MARKET NEWS) – System1, Inc. (SST:NYSE) reported, this morning, that it received a non-binding indication of interest from Just Develop It Limited regarding the possible acquisition of Total Security Limited for $240 million in cash, the assumption of certain potential earnout payments in respect of Total Security and the delivery of approximately 29 million System1 shares held by Just Develop It and related persons.

System1 is trading at $2.22, up $0.38 (+20.65%), on 1.34M premarket shares traded.

Its 52-week range is $1.6107 to $11.7979. There’s not much resistance between here and $2.50.

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