2024-01-31 08:41:21 ET
DENVER, Colo., Jan. 31, 2023 ( www.247marketnews.com )- Guardion Health Sciences, Inc. (NASDAQ: GHSI) reported, after yesterday’s market close, that it signed an equity purchase agreement to sell its Activ Nutritional, LLC subsidiary and its Viactiv brand and business, to Doctor’s Best, a wholly-owned subsidiary of Kingdomway USA, for $17.2 million, in cash, 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, and is expected to close during the quarter ending June 30, 2024.
Guardion Health Sciences is trading at $8.92, up $3.77 (+67.04%), on 2.3M premarket shares traded.
Its 52-week range is $4.655 to $8.25. It should hit a new 52-week high in today’s regular trading session.
Guardion Health Sciences, Inc. is a clinical nutrition company that offers a portfolio of science-based, clinically supported products designed to support the health needs of consumers, healthcare professionals and providers and their patients.
Website www.viactiv.com
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(NASDAQ: GHSI) Enters into Definitive Agreement to Sell its Viactiv Brand and business to Doctor’s Best