M&A: Carmell Corp

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025001359

Comments: Carmell Corporation entered into an Asset Purchase Agreement on December 31, 2024, with its wholly-owned subsidiary Cutis Cura Corporation and other related parties for the acquisition of substantially all assets of Elevai Skincare, Inc. and PMGC Holdings Inc. The deal includes a total consideration involving shares of Carmell Common Stock valued at approximately $1,075,463, with specific cash transactions tied to product sales performance. The agreement stipulates earnouts based on future sales and includes standard representations, warranties, and covenants. The completion of the acquisition is subject to customary closing conditions and must be finalized by January 17, 2025. A press release regarding the agreement was issued on January 2, 2025.

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