Biolife Solutions Inc

+2.68 (+9.08%)
Mergers / Acquisitions, Equity Financing / Related

BioLife Solutions To Acquire SciSafe

Published: 09/21/2020 12:27 GMT
Biolife Solutions Inc (BLFS) - Biolife Solutions to Acquire Scisafe, a High-growth Biostorage Service Provider to the Cell and Gene Therapy Industry.
Biolife Solutions - Will Pay $15 Million in Cash and $15 Million in Newly Issued Shares of Biolife Common Stock for 100% of Outstanding Shares of Scisafe.
Biolife Solutions - Scisafe's Shareholders Are Also Eligible Over Next Four Years to Receive Up to 626,000 Additional Shares of Biolife Common Stock.
Biolife Solutions Inc - Acquisition of Scisafe Expected to Be Accretive to Adjusted Net Income Beginning in 2021.