Goldeneye 1995 LLC, led by former Ripple executive Greg Kidd, is acquiring a controlling interest in Know Labs, a U.S.-based medical device company. The purchase involves 1,000 Bitcoins, valued at approximately $105,160.57 each, plus additional cash. Know Labs specializes in non-invasive health monitoring tools using radio-microwave spectroscopy. Their flagship product, KnowU, is a wearable blood glucose monitor designed for diabetes management. The total value of the 1,000 Bitcoins will be divided by Know Labs’ share price of $0.335 to determine the number of shares Goldeneye will receive. Know Labs plans to retain the 1,000 Bitcoins as part of its financial reserves. Upon deal closure, Kidd will assume the roles of CEO and chairman of the board. Know Labs’ stock currently trades at $0.81 per share on the New York Stock Exchange under the ticker symbol KNW. The company went public in 2006 with an opening price of $6,600 per share. Bitcoin’s volatility is notable, with its all-time high reaching $111,681.70 at the end of May and a value of $71,103.14 a year ago.
andrewdudum
@AndrewDudum
·
Jun 3 Fresh off our largest capital raise to date, today we’re announcing plans to acquire ZAVA, a leading digital health platform in Europe. This acquisition strengthens our leadership in the UK and establishes a presence in Germany, France, and Ireland, significantly accelerating our
hims
@wearehims
·
Jun 3 Big news: We’ve agreed to acquire ZAVA, a leading digital health platform in Europe.
We are actively building a global healthcare reality where convenient, transparent care rooted in customer choice is accessible to everyone. Today’s news is a meaningful step forward,
Association for Corporate Growth
@ACGGlobal
·
6h CapVest-backed
@DatasiteGlobal
has acquired
@Grata_inc
.
Take a look at some of the other headlines in middle-market M&A in our newest PE Weekly: https://middlemarketgrowth.org/pe-weekly-healthcare-food-beverage-datasite-grata/…
Quantum Health
@QuantumHealth1
·
Jun 4 We’re thrilled to announce that
@QuantumHealth1
has signed an agreement to acquire leading healthcare tech company Embold Health!
Together, Quantum Health and Embold Health will usher in a new era of healthcare navigation, offering the most complete solution in the market.
Nate Endicott
@EndicottInvests
·
18h $HIMS just acquired a company that already sells nearly everything they currently offer and even more importantly, the products they want to expand into.
With Zava’s 1.3M+ active patients, $HIMS can now apply its proven U.S. playbook to a large, warm customer base and let its
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