Intangible Audit Identifies Under-Valued Asset

Released $50M in cash to shareholders

The Situation

  • Client preparing for micro cap $50M IPO
  • EverEdge asked to audit intangibles
  • EverEdge identified an under-valued intangible asset, which had been purchased at $1M but depreciated to $0.5M under GAAP

The Client

Board of Directors - $50M+ Internet Company

Outcome

  • EverEdge analysed the market and identified 3 similar assets, which had each sold for $50m
  • EverEdge advised on sale and license back of asset

Result

Released $50M in cash to shareholders

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