Wireless Security Camera
S. Embassy situated in Kabul, Afghanistan. Founded in 2007, Washington, D. C. and Portland based private military company GK Sierra started out producing secure communication technology for the U. S. Special Forces
soldiers established the firm in Chicago in 2003, and a significant number of Triple Canopy’s employees are former special ops personnel and police officers. According to its official website, the company “provides mission support, security and training services to government agencies and multinational corporations worldwide. ” Triple Canopy employs no less than 5,500 staff, and its clients include NGOs, telecommunication companies, oil and gas businesses, mining firms and
financial organizations from all around the world. The company’s chain of command counts former Delta Force soldiers, consultants and analysts among its number. Triple Canopy rose to prominence in 2004 in Iraq, and one of its Iraq defense contracts is valued at $1.
Blandit Etiam
Ascent will, subject to, among other things, the receipt of the requisite approval of Ascent’s stockholders, merge into Monitronics. As a result of the merger, all assets of Ascent, including an anticipated approximately $23 million in cash, will become assets of Monitronics. Ascent’s stockholders are expected to receive approximately up to 5. 82 percent of the total shares of Monitronics common stock expected to be issued and
outstanding immediately following completion of the reorganization and merger, but subject to dilution by certain shares issued under a management incentive plan for the company, in exchange for all then issued and outstanding shares of Ascent common stock. If, however, Ascent is expected to hold cash equal to or in excess of $20 million but
less than the target cash amount as of the date of completion of the reorganization of Monitronics under the plan, the stockholders of Ascent will receive a proportionately lower percentage of shares of Monitronics common stock, and certain participants in the equity rights offering have agreed to contribute the shortfall. If Ascent is expected to hold less than $20 million in cash as of the date of completion of the reorganization of Monitronics under the plan, the merger will not be consummated, and certain participants in the equity rights offering have agreed to contribute the full target cash amount.
