ZeroStack Corp. (ZSTK): M&A transaction — Flora Growth completes first closing of TruHC Pharma acquisition; issues 2.14M shares worth ~$4.9M

ZeroStack Corp.

First closing of TruHC Pharma GmbH acquisition; issued 2,135,199 common shares.
Shares valued at $2.31/share (March 28 close); first closing = 19.99% of pre-signing outstanding.
Second closing of 635,363 shares pending shareholder approval at next meeting.
Total acquisition consideration: 2,770,562 shares valued at ~$6.4 million.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ZeroStack Corp. completed an acquisition involving TruHC Holding GmbH for $6.4 million (closed 2024-04-22).

Action: acquisition
Counterparty: TruHC Holding GmbH
Consideration: $6.4 million
Closing: 2024-04-22

Exact text from the filing

On April 22, 2024, Flora Growth Corp. (the "Company") completed the first closing (the "First Closing") of the previously disclosed acquisition of TruHC Pharma GmbH in exchange for a total of 2,770,562 common shares of the Company valued at an aggregate of $6.4 million based on the closing price of the Company's common shares on March 28, 2024 of $2.31 per share

View on SEC.gov

106 m&a transactions filed in the last 30 days. Browse all m&a transactions →

ZeroStack Corp. filing history →

Source: SEC EDGAR

accession 0001062993-24-008687

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.