Penumbra completes acquisition of Sixense Enterprises for ~$300M in stock and options

Penumbra Inc

Merger closed Oct 1, 2021; Sixense becomes wholly owned subsidiary of Penumbra.
Consideration: 661,877 Penumbra shares valued at $185.9M (VWAP $280.88) plus cash for fractional shares.
Options to purchase Sixense stock exchanged for options to buy 447,017 Penumbra shares valued at $114.1M.
Penumbra and Sixense previously partners in MVI Health Inc., a VR healthcare joint venture formed in 2017.
Penumbra purchased additional 40% of MVI from Sixense in Aug 2018 for $20M plus potential $4.5M anti-dilution payments.

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