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Vapotherm (VAPO) just unveiled an announcement.
Vapotherm, Inc. has entered into a merger agreement with Veronica Holdings, LLC and its affiliated entities, which will result in Vapotherm becoming a wholly owned subsidiary of Veronica Holdings’ parent company. The terms of the agreement include the conversion of Vapotherm common stock into a cash right of $2.18 per share, with certain exceptions and conditions, and the merger is set to close in the second half of 2024, subject to stockholder approval and other customary conditions. Additionally, related rollover and voting agreements have been made with certain stockholders, and equity and debt financing arrangements have been secured to support the merger.
For an in-depth examination of VAPO stock, go to TipRanks’ Stock Analysis page.