On March 9, 2025, Kramer Levin client A-Mark Precious Metals, Inc. (“A-Mark”) announced that it has entered into a definitive agreement to acquire the 90% of AMS Holding LLC (“AMS”) not owned by A-Mark. AMS operates the flagship brand GOVMINT where a team of over 150 dedicated sales representatives works with customers to assemble collections of vintage and modern coins. A-Mark has agreed to pay $50 million in cash to acquire the remaining 90% of AMS stock and up to an additional $9 million in cash based upon the achievement of performance benchmarks in calendar 2025 and 2026. Selling shareholders may receive up to an additional $3 million in cash based upon the achievement of financial targets when certain identified inventory is sold.