On August 30, 2019, MAM Software Group, Inc. entered into an Agreement and Plan of Merger with Kerridge Commercial Systems Group Limited (Parent), and Chickadee Holdings Inc., a Delaware corporation and wholly-owned indirect subsidiary of Parent (Merger Sub). Upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into the company, with the company continuing as the surviving corporation and a wholly-owned subsidiary of Parent. Upon consummation of the Merger, the company's executive officers will resign their positions with the company.