WhiteSky Communications, LLC acquired Assets of Boingo Wireless, Inc. for $27 million on May 27, 2021. Pursuant to the terms of the Asset Purchase Agreement, Buyer paid to Seller cash consideration of $23,750,000 at the closing which took place on May 27, 2021, and agreed to pay (i) up to $2,500,000 on or before June 26, 2022 subject to offset pursuant to Buyer and Parent’s indemnification and other rights under the terms Asset Purchase Agreement pursuant, and (ii) up to $750,000 on or before June 26, 2021 subject to certain repayment provisions to take place on or before June 26, 2022 in accordance with the terms of the Asset Purchase Agreement. lan Lovinsky, Jonathan Spencer and Jordan Murray of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP served as legal advisers to Boingo Wireless, Inc. WhiteSky Communications, LLC completed the acquisition of Assets of Boingo Wireless, Inc. on May 27, 2021.