Spok directors reject unsolicited proposal

Spok Holdings, Inc. (NASDAQ: SPOK), a provider of healthcare communications, has announced that its board of directors, after consultation with its financial and legal advisors, unanimously determined that the unsolicited and non-binding proposal from B. Riley Financial, Inc. (NASDAQ: RILY) to acquire Spok for USD 12 per share in cash substantially undervalues Spok, and that pursuing this transaction at this time was not in the best interest of the company and its shareholders, the company said.

Notwithstanding these manifest considerations, the Spok board of directors will carefully and seriously evaluate any good faith proposals from financially capable parties that fairly values Spok and the potential for stockholder value represented by the company´s long-term investment in its enterprise, cloud-based Spok Go platform.

Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Springfield, Virginia, is proud to be a provider of healthcare communications. For more information, visit spok.com.