Tech Company M&A Transactions
Provista Diagnostics Acquisition
Headquartered in Alpharetta, Provista Diagnostics was acquired by Todos Medical. Financial terms set the valuation at $7.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/22/2021
Transaction Type
M&A
Amount
$7,500,000
M&A Terms
Under the terms of the Agreement, Todos acquired Provista from its private equity owner for an aggregate purchase price of $7.5 million consisting of an initial cash payment of $1.25M, the issuance of $1.5M in Todos common shares priced at $0.0512/share, the issuance of a $3.5M convertible promissory note (the "Note") and the payment on for before July 1, 2021 of $1.25M (the "July Payment"). The Provista shares acquired by Todos shall remain in an escrow account until the July Payment is made.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
2001 Westside Pkwy. 240
Alpharetta, GA 30004
USA
Alpharetta, GA 30004
USA
Phone
Undisclosed
Website
Email Address
Overview
Provista Diagnostics, Inc. develops and commercializes breakthrough, easy to administer blood-based diagnostic tests for early oncology-related disease state recognition and detection purposes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Uriel Kusiatin
Chief Operating Officer
Rao Mulpuri
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