M&A
confidence high
sentiment positive
materiality 0.70
Ascend Wellness completes acquisition of Story of PA CR for $53M (10.2M cash + 12.9M shares)
Ascend Wellness Holdings, Inc.
- Total consideration ~$53M: $10.2M cash plus 12.9M AWH Class A common shares.
- Merger closed April 19, 2022; Story becomes wholly-owned subsidiary of AWH Pennsylvania.
- 12.9M AWH shares issued as unregistered securities under Rule 506(b).
- Escrow arrangement: shares released upon Pennsylvania DOH approval or triggering events within 5 years.