Mergers & Acquisitions ·
Stark Novus Financial completes acquisition of Affinity for $6,720 cash plus stock and earnouts up to $1,312
NRDEStark Novus Financial Inc.
Stark Novus Financial Inc. filed an amendment to its Form 8-K to include the audited and unaudited financial statements of Affinity Advisory Network, LLC and AAN Wealth Advisors, LLC (Affinity), along with pro forma combined financial information. The acquisition closed on July 15, 2026, for aggregate consideration including $6,720 in cash, 80,000 shares of Stark Class A common stock, and equity equal to 15% of the buyer's post-closing shares, plus contingent earnouts up to $1,312. Affinity generated $3,910,000 in revenue for the year ended December 31, 2025, operating as a network supporting insurance distribution and registered investment advisory services. The company operates in the financial services industry, providing integrated retirement, investment, and estate planning solutions through insurance distribution and fiduciary-based wealth management.