M&A
confidence high
sentiment neutral
materiality 0.80
INVO Bioscience amends merger with NAYA; extends deadline to Oct 14, revised consideration
INVO Fertility, Inc.
- NAYA purchased 27,500 Series A preferred shares for $137,500 on Sept 16, 2024 per Securities Purchase Agreement.
- NAYA may buy up to additional 72,500 Series A shares for $362,500 before or at closing; prior breaches waived.
- Revised merger consideration: ≤19.9% of INVO common stock pre-merger plus new Series C convertible preferred.
- After stockholder approval, Series C converts to common representing ~60.1% of INVO outstanding shares.
- NAYA to transfer 85% of common stock payment shares to secured lender Five Narrow Lane LP.