other material
confidence high
sentiment neutral
materiality 0.35
Organogenesis repurchases 500K shares from director trust at $4.057/sh for $2M total
Organogenesis Holdings Inc.
- Repurchase of 500,000 shares from GN 2016 Family Trust (related to director Glenn Nussdorf) at $4.057/share, total $2.03M.
- Price based on 10-day trailing VWAP of common stock as of Nov 26, 2024.
- Repurchase approved by Audit Committee and a Transaction Committee of the Board due to related-party nature.
- Funded by proceeds from Nov 12, 2024 sale of Series A Convertible Preferred Stock to Avista Healthcare Partners.
- Closing expected on or around December 3, 2024.