Surgalign Holdings Inc

NASDAQ:SRGA   3:59:45 PM EDT
1.76
+0.06 (+3.53%)
Debt Financing / Related, Equity Investments, Mergers / Acquisitions

Surgalign Holdings Announces Agreement To Acquire Holo Surgical & ARAI Digital Surgery Platform

Published: 09/29/2020 23:20 GMT
Surgalign Holdings Inc (SRGA) - Surgalign Holdings, Inc. Announces Agreement to Acquire Holo Surgical Inc. and Its Arai™ Digital Surgery Platform.
Total Consideration for Transaction is Valued at Up to $125 Million.
Transaction is Expected to Close During Q4 of 2020, Subject to Customary Closing Conditions.
Under Terms of Agreement, Surgalign Will Pay $30 Million in Cash and Issue 6.25 Million Shares of Surgalign Common Stock.
Further Consideration of Up to $83 Million May Be Paid in Stock and Cash.
Closing Cash Payment Will Be Funded Through Existing Cash on Balance Sheet.