Windtree announces it has signed a letter of intent to acquire CommLoan

Windtree Therapeutics (WINT) announced that it has signed a letter of intent to acquire CommLoan, a commercial tech finance company. CommLoan will retain key employees and become a subsidiary of Windtree. Windtree has provided bridge financing to CommLoan during this transition period. “Windtree is pleased to add a revenue generating fintech business as our subsidiary,” said Jed Latkin, Chief Executive Officer of Windtree. “We have spent several quarters trying to find the right business to spearhead our growth initiatives and we are very enthusiastic that CommLoan provides us with a unique advantage to seize on the growing trend in using software and AI to streamline the lending process. CommLoan has put together a massive proprietary database that would take years to replicate and creates a massive moat between them and the other companies trying to compete in this space.”