ALJ REGIONAL HOLDINGS, INC. COMPLETES SALE OF TOLLING AND TRANSPORTATION AND HEALTH BENEFIT EXCHANGE VERTICALS OF FANEUIL, INC.

NEW YORK, April 4, 2022 /PRNewswire/ -- ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ") announced today that it has completed the previously announced sale of the tolling and transportation and health benefit exchange verticals of its wholly owned subsidiary, Faneuil, Inc. ("Faneuil"), to TTEC Holdings, Inc. (NASDAQ: TTEC) ("TTEC"), one of the largest global customer experience ("CX") technology and services innovators for end-to-end digital CX solutions. The transaction was completed pursuant to an Asset Purchase Agreement that was announced on December 22, 2021, as amended by that certain Amendment to the Asset Purchase Agreement dated April 1, 2022. Consideration paid by TTEC at closing is $142.3 million, less an indemnification escrow amount and certain holdback amounts for contracts yet to be assigned. Faneuil is also eligible to receive additional earn-out payments in an aggregate amount of up to $25 million.