Note 13 - Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Text Block]

13.   Subsequent Events

On April 2, 2013, Onvia entered into a stock purchase agreement with Symphony Technology Group, LLC and certain of its affiliates (the “Repurchase Stockholders”) to repurchase shares of Onvia’s common stock, par value $0.0001 directly from the Repurchase Stockholders in a private, non-underwritten transaction. Under the terms of the agreement, Onvia has repurchased from the Repurchase Stockholders 1,242,781 shares of common stock at a price of $3.50 per share for a total purchase price of approximately $4.3 million, excluding transaction fees. This transaction does not have any impact on Onvia’s Section 382 tax benefits preservation plan.