(AMEX: CTEK) shares are soaring this morning on news that the company is being acquired. The shares are up over 100% on increasing trading volume. More than 3,000 trades and the stock is currently trading at $1.19 a share.

CynergisTek Inc. Enters into a Definitive Agreement to be Acquired by Clearwater in a $17.7 million Transaction

CynergisTeks Stockholders to Receive $1.25 Per Share in Cash

AUSTIN, Texas–(BUSINESS WIRE)–CynergisTek, Inc. (NYSE American: CTEK), a leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces it has entered into a definitive agreement to be acquired by Clearwater Compliance LLC (collectively with its affiliates, Clearwater), a healthcare focused cybersecurity, compliance, and risk management solutions firm, in an all cash transaction that values CynergisTek at approximately $17.7 million. Clearwater is a portfolio company of funds affiliated with Altaris Capital Partners, LLC, an investment firm focused exclusively on the healthcare industry.

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