M&A - 908 Devices Inc.

Form Type: 8-K

Filing Date: 2025-03-04

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925020021

Filing Summary: On March 4, 2025, 908 Devices Inc. completed the sale of all issued equity interests of its subsidiary, 908 Devices GmbH, and certain liabilities and specified assets, collectively referred to as the Business, to Repligen Corporation and Repligen GmbH. The purchase price for this transaction was $70 million with customary adjustments for working capital. A portion of the purchase price will be held in escrow for potential indemnification claims. The agreement includes non-competition and non-solicitation clauses between the parties, which are to remain in effect for specified periods. Additionally, the parties entered into a transition services agreement for support through December 31, 2025, and related supply and licensing agreements. The Board of Directors authorized the transaction, which does not require stockholder approval due to the nature of the sale not constituting a sale of 'substantially all' assets of the company.

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