DarioHealth Corp. (DRIO): M&A transaction — DarioHealth supplements Twill acquisition filing; Twill reports $30.7M loss, $123.6M liabilities, going concern doubt

DarioHealth Corp.

Twill had revenue of $18.2M in 2023, net loss of $30.7M.
Total liabilities $123.6M, total assets $9.8M; stockholders' deficit $194.3M.
Auditor expresses substantial doubt about Twill's ability to continue as a going concern.
Current liabilities of $123M far exceed current assets of $8.2M; cash and equivalents only $2.2M.
Acquisition by DarioHealth closed February 2024; this 8-K adds required pro forma financials.

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

DarioHealth Corp. completed an acquisition involving Twill, Inc..

Action: acquisition
Counterparty: Twill, Inc.

Exact text from the filing

the Company’s acquisition of Twill, Inc., a Delaware corporation (“Twill”), pursuant to which the Company, through its subsidiary, TWILL Merger Sub, Inc., acquired all of the outstanding securities of Twill.

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

DarioHealth Corp. filing history →

Source: SEC EDGAR

accession 0001104659-24-050049

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