M&A
confidence high
sentiment neutral
materiality 0.70
Castle Biosciences completes AltheaDx acquisition; issues 763,887 shares
CASTLE BIOSCIENCES INC
- $65M initial consideration: $32.5M cash and $32.5M in stock (763,887 shares).
- Up to $75M in milestone payments through Dec 31, 2024; 50% cash, 50% stock.
- Max shares issuable capped at 1,271,718; up to 507,831 more for milestones.
- Shares unregistered under Section 4(a)(2)/Reg D; resale registration due in 40 days.