Florida-based ATM network operator Global Axcess Corp. has filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court for the District of Nevada, ATM Marketplace reported on August 9.
The move is part of the company’s asset purchase agreement with Financial Consulting & Trading International Inc. (FCTI). Under the terms of the deal, FCTI will acquire all of the company’s ATM business assets for $10 million.
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For more on how the moves could position Global Axcess for long-term success, read the full report here.
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