M&A
confidence high
sentiment neutral
materiality 0.65
SHINECO, INC.: M&A transaction — Shineco closes 51% acquisition of InfiniClone for ~$19.9M cash and 3.45M shares
SHINECO, INC.
- Acquired 51% equity in InfiniClone Limited from Dr. Lim Kah Meng.
- Consideration: $19,895,600 cash plus 3,450,000 shares of common stock.
- Shares issued under Regulation S; seller represented non-U.S. person status.
- Financial statements and pro forma data to be filed within 71 days.