M&A
confidence high
sentiment positive
materiality 0.70
International Isotopes completes $4M asset sale to Pharmalogic; extends Series C Preferred maturity
RADNOSTIX INC
- Completed sale of manufacturing equipment and sublease to Pharmalogic Idaho for $4.0M cash on Feb 18, 2022.
- Series C Preferred Stock maturity extended by ~1 year to February 28, 2023, approved by majority of holders.
- Certificate of Amendment filed with Texas Secretary of State on Feb 16, 2022 to reflect the extension.
- The assets sold were acquired via a prior manufacturing and supply agreement termination.