M&A
confidence high
sentiment neutral
materiality 0.75
Better Choice Co. acquires SRx Health Solutions in all-stock deal valuing SRx at $80M
SRx Health Solutions, Inc.
- SRx to be acquired via statutory amalgamation; equity value $80M, assumes $43M net debt subject to two-way adjustment.
- Exchange ratio based on 30-day VWAP of BTTR stock, with share collar of 19.75M to 30M shares.
- Transaction unanimously approved by both boards; closing requires stockholder and court approvals.
- Voting agreement with SRx CEO Adesh Vora to vote all his shares in favor of the transaction.