secwatch.observer — SEC 8-K summary
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Issuer:     PhenomeX Inc. (—)
CIK:        0001689657
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001140361-23-012827
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Berkeley Lights completes IsoPlexis merger, forms PhenomeX; ticker changes to CELL
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- Merger closed; IsoPlexis shareholders received 0.612 BLI shares per ISO share; former BLI and ISO shareholders own ~75.2% and ~24.8% of combined company.
- Combined 2022 revenue ~$95M; installed base >400 instruments; IP estate >600 patents; target $70M in cost synergies.
- PhenomeX enters into $70M credit facility with East West Bank, repays $50M of IsoPlexis debt.
- Warrant to purchase 496,560 shares of PhenomeX at $9.80/share assumed from IsoPlexis.
- Name change to PhenomeX; shares to trade under CELL starting March 22, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1689657/000114036123012827/0001140361-23-012827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1689657/000114036123012827/brhc10050009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-012827

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer