M&A
confidence high
sentiment neutral
materiality 0.60
Bioxytran acquires NDPD Pharma for $15.85M in stock; CFO adopts 10b5-1 plan
BIOXYTRAN, INC
- Acquired 100% of NDPD Pharma for stock: 3.39M common shares at $0.109 and 28.47M preferred shares at $0.543.
- NDPD holds patents for ProLectin-M (COVID-19, RSV, H1N1, etc.) and a license agreement valued at $8.19M.
- CFO Ola Soderquist adopted 10b5-1 plan to sell up to 500,000 common shares through March 31, 2025.
- Consideration includes 14.1M Bioxytran preferred shares returned to treasury with a $4.0M book value.
- Goodwill of $5.38M recorded; intangible assets amortized over 18 years.