Thorne HealthTech, L Catterton announce expiration of tender offer

L Catterton and Thorne HealthTech announced that the tender offer to purchase all of the issued and outstanding shares of Thorne’s common stock for $10.20 per Share, net to the seller in cash, without interest and less any required withholding taxes, expired as scheduled at one minute past 11:59 p.m., Eastern Time, on October 12, 2023 and was not extended. Computershare Trust Company, N.A., the depositary and paying agent for the Offer, has advised L Catterton that, as of the Expiration Time, 52,596,517 Shares were validly tendered and not validly withdrawn in the Offer, representing 97.3% of the issued and outstanding Shares as of the Expiration Time. Accordingly, all conditions to the Offer have been satisfied. L Catterton and its affiliate, Healthspan Merger Sub, will promptly accept for payment, and will promptly pay for, all Shares validly tendered and not validly withdrawn in the Offer. The parties expect to consummate the acquisition on October 16, 2023, in accordance with, and subject to the terms of, the definitive agreement for the proposed acquisition.