CollPlant Biotechnologies Announces Deal To Acquire Photonic Computing Firm LightSolver For 3,734,476 Upfront Shares Representing 19.7% Of Share Capital, Plus Pre-Funded And Milestone Warrants; Expects Close This Week
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Why It Matters
CollPlant is buying a company called LightSolver by giving them about one-fifth of its own ownership. This shows CollPlant wants to grow into new technology, though we don't know yet if this deal will help or hurt the company's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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