M&A
confidence high
sentiment positive
materiality 0.75
Zomedica acquires Revo Squared veterinary imaging assets for $6M cash plus earn-out and warrants
Zomedica Corp.
- Base purchase price $6M cash, subject to working capital adjustments; $500K held in escrow for 15 months.
- Up to $4M in earn-out payments based on net sales milestones ($2M each for $5M and $10M threshold) through 2027.
- Warrants to purchase 10M common shares issued at closing; exercise price tied to ZOM closing price on closing date.
- Acquisition includes MicroView digital cytology platform, an automated slide preparation and imaging system for veterinary clinics.
- Closing expected on or around July 1, 2022; Revo Squared CEO Bill Campell and Senior Director Negin Ghassemian to join Zomedica.