Absci resolves Totient merger milestone payments; receives $8.7M, pays $7.6M

Absci Corp

Executed Letter Agreement with SBGH to distribute $16.3M escrow funds from 2021 Totient merger.
Absci receives $8.7M of Milestone Consideration; former Totient stockholders get $7.6M.
Agreement fully satisfies all milestone payment obligations under the Merger Agreement.
Escrow Agreement will terminate after disbursement within 5 business days.
Parties enter mutual release; no further payments owed by Absci.

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