RGS - Mergers and acquisitions

Strategic acquisition of 314 salons strengthens operational footprint while maintaining asset-light model with 93% franchise base Regis Corporation (NASDAQGM:RGS), a leader in the haircare industry, announces the acquisition of Alline Salon Group (ASG), its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for ASG to earn an additional $3 million ($1 million annually) through earn out payments over the next three years. Highlights 314 salon portfolio operating under the Supercuts, Cost Cutters and Holiday Hair brands across five states, primarily Michigan, Ohio and Pennsylvania Trailing Twelve Month October 2024 ("TTM") financial

Regis Corporation (NASDAQGM:RGS) ("Regis" or the "Company"), today announced that its Board of Directors adopted a tax benefits preservation plan (the "Plan") designed to preserve the availability of its net operating loss carryforwards ("NOLs") and certain other tax attributes under the Internal Revenue Code (the "Code"). As of September 30, 2023, Regis had approximately $646 million of U.S. federal NOLs. These NOLs, the majority of which are not subject to any expiration date, represent a valuable asset to the company and are available to offset the Company's current or future taxable income. Regis' ability to use these NOLs (as well as certain other tax attributes) would be substanti