Paltalk, Inc. Enters Into an Agreement to Acquire Newtek Technology Solutions, Inc. From NewtekOne, Inc.

JERICHO, NY, Aug. 12, 2024 (GLOBE NEWSWIRE) — Paltalk, Inc. (“Paltalk,” the “Company,” “we,” our,” or “us”) (NASDAQ: PALT), a communications software innovator that powers multimedia social applications, announced today that it has entered into a definitive agreement (the “Acquisition Agreement”), pursuant to which Paltalk will acquire (the “Acquisition”) Newtek Technology Solutions, Inc. (“NTS”), a wholly owned subsidiary of NewtekOne, Inc. (“Newtek”). NTS provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients across the U.S.

Pursuant to the Acquisition Agreement,…