Artivion (AORT) to acquire two Austin office/manufacturing buildings for $20.5M cash

ARTIVION, INC.

Purchase price $12.05M for existing On-X manufacturing buildings (75k sq ft) and $8.45M for adjacent 87k sq ft expansion.
Both properties in Austin, TX are currently leased and occupied by Artivion; 1300 Property lease to terminate at closing unless assigned.
Company has sole discretion to cancel: 45-day feasibility period for 1300 Property, 100-day for 1200 Property.
Closings expected within 30 days after each feasibility period; escrow deposit of $126K for 1300 Property.
Cash consideration; agreements contain customary representations, warranties, and conditions.

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