SCON - Superconductor Technologies scales 14% on merger agreement with Allied Integral

Superconductor Technologies ([[SCON]] +16.2%) enters merger agreement with Allied Integral United, whereby a wholly-owned subsidiary of STI will merge with and into Clearday in a stock-for-stock transaction with Clearday. The merger agreement replaced the merger agreement that was announced by the parties on March 3, 2020, which had expired.The merged company will also focus on building a multi-channel distribution system for products that focus on improving the health and care of older consumers.Upon completion of the merger, STI will change its name to Clearday.

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Superconductor Technologies scales 14% on merger agreement with Allied Integral