NXT-ID and Fit Pay Announce Letter of Intent to Combine Businesses

NXT-ID and Fit Pay Announce Letter of Intent to Combine Businesses

News

NXT-ID, Inc., a security technology company, and WilmerHale client Fit Pay, Inc., a privately held provider of payment, credential management, and authentication platform services, announced that the companies have entered into Letter of Intent to combine their businesses in a deal that includes stock and cash consideration. NXT-ID will not be raising additional capital to complete this transaction.

The WilmerHale team representing Fit Pay was led by Glenn Luinenburg and included John Lee and Jaclyn Ammon.

Read Fit Pay's press release for more information.