10:26 AM EDT, 03/15/2024 (MT Newswires) -- SilverSun Technologies ( SSNT ) and Jacobs Private Equity II said Friday that SilverSun ( SSNT ) shareholders have approved an equity investment from Jacobs Private Equity II and certain minority co-investors.

SilverSun ( SSNT ) will receive an investment of $1 billion, which received backing from roughly 99.5% of the votes cast at a special meeting, indicating the consent of around 65.7% of all outstanding shares as of Feb. 12.

The equity investment transactions are subject to customary closing conditions, with expected completion in 2024, the companies said.

Shares of SilverSun ( SSNT ) were up 3.7% in recent Friday trading.

Price: 13.88, Change: +0.50, Percent Change: +3.74