M&A
confidence high
sentiment positive
materiality 0.65
Forge Nano closes HzO acquisition for $55M in stock, issuing 7.3M shares
ATII Holdings Inc.
- Aggregate consideration of 7,306,440 Forge Nano shares at $10.00 each: $55.0M base plus HzO closing cash and working capital adjustments, less debt.
- Closing issued 5,772,645 shares plus 1,533,795 holdback shares (20% of base purchase price) held 12 months for adjustments and indemnification.
- HzO stockholders must lock up shares for six months or until NANO trades at $12.00 for 20 of 30 trading days; piggyback registration rights granted.
- HzO CFO Jason Savod and President/COO Rachael Lerebours signed Forge Nano employment agreements effective immediately after the closing.