M&A
confidence high
sentiment neutral
materiality 0.60
Pacific Biosciences to issue ~8.9M shares and $101M cash for Omniome milestone
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
- On Sep 20, 2023, PacBio achieved a commercial milestone under the Omniome merger agreement.
- Former Omniome holders will receive approx. $101M cash + 8.9M shares (valued at ~$100M based on 20-day VWAP).
- Shares issuance expected on or about October 4, 2023.