Guardion Health Sciences Announces Entry into Definitive Agreement to Sell its Well-Known Viactiv® Brand and Business to Doctor’s Best Inc.
Guardion Health Sciences, Inc. (GHSI)
Company Research
Source: GlobeNewswire
HOUSTON, TEXAS, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Guardion Health Sciences, Inc. (Nasdaq: GHSI) (“Guardion” or the “Company”) announced today that it has signed an equity purchase agreement to sell its Activ Nutritional, LLC subsidiary, which owns the Viactiv® brand and business, to Doctor’s Best Inc. (“Doctor’s Best”), a wholly-owned subsidiary of Kingdomway USA Corp. (“Kingdomway”), for gross cash consideration of $17.2 million, payable in full at closing. The transaction has been approved by the respective Boards of Directors of Guardion and of Doctor’s Best, and remains subject to normal and customary closing conditions, including approval of the transaction by the Company’s stockholders at a forthcoming Special Meeting of Stockholders. Assuming requisite approval by the Company’s stockholders, the transaction is expected to close during the quarter ending June 30, 2024. Robert Weingarten, the Chairman of the Board of Directors of the Company, commented, "As we have previou
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News
- Why Guardion Health Sciences, Inc. (NASDAQ:GHSI) Could Be Worth Watching [Yahoo! Finance]Yahoo! Finance
- Guardion Health Sciences Announces Financial Results for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- Guardion Health Sciences Announces Financial Results for the Year Ended December 31, 2023GlobeNewswire
- Guardion Health Sciences, Inc. (NASDAQ: GHSI) had its "hold" rating re-affirmed by analysts at Maxim Group.MarketBeat
- Thinking about buying stock in Guardion Health Sciences, Minim, Revelation Biosciences, Nyxoah, or Pixelworks?PR Newswire
GHSI
Sec Filings
- 4/9/24 - Form 8-K
- 4/8/24 - Form DEFM14A
- 4/3/24 - Form 3
- GHSI's page on the SEC website