ParagonX Holdings Divests Canary Travel and AV Rover
November 5, 2024
ParagonX Holdings, Inc. announced agreements to divest two subsidiaries, Canary Travel and AV Rover, as part of a broader transformation and debt-restructuring plan managed by Caprino Management, LLC. The divestitures are intended to reduce debt, simplify the company's portfolio, and position ParagonX to return to compliance with OTC Markets and pursue accretive opportunities.
- Targets
- Canary Travel, AV Rover
- Sellers
- ParagonX Holdings, Inc.
- Industry
- Logistics & Distribution
- Location
- United States
- Transaction Type
- Divestiture
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