Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Zomedica Corp. completed an acquisition involving Structured Monitoring Products, Inc. for $12,656,676 (closed 2023-09-05).
- Action
- acquisition
- Counterparty
- Structured Monitoring Products, Inc.
- Consideration
- $12,656,676
- Closing
- 2023-09-05
Exact text from the filing
an implied value of $5,095,196 based upon the parties agreed enterprise value of SMP. Following working capital adjustments and deduction of transaction expenses, Zomedica paid $12,656,676 for the balance of the SMP equity. The cash purchase price was funded through a $250,000 deposit previously paid to SMP and $12,406,677 of cash on hand. The Acquisition was
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zomedica Corp. entered into Stock Purchase Agreement with Structured Monitoring Products, Inc. and its shareholders valued at $18,000,000 (effective 2023-09-04).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Structured Monitoring Products, Inc. and its shareholders
- Value
- $18,000,000
- Effective
- 2023-09-04
Exact text from the filing
On September 4, 2023, Zomedica Inc., a wholly-owned subsidiary of Zomedica Corp. (the “Company”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) pursuant to which Zomedica Inc. acquired 100% of the capital stock of Structured Monitoring Products, Inc., a Florida corporation (“SMP”) from SMP’s shareholders (“Sellers”).
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