Pressure BioSciences Signs Definitive Agreement to Acquire Uncle Bud's
January 11, 2024
Pressure BioSciences, Inc. (PBIO) has entered into a definitive agreement to acquire natural health and wellness brand Uncle Bud's. The deal is expected to move PBIO into a broader consumer topicals and other product portfolio by integrating PBIO’s UltraShear nanoemulsification technology across multiple markets. The transaction is expected to close by January 19, 2024, subject to customary conditions, with Uncle Bud’s stockholders receiving PBIO preferred stock convertible into common shares and an earnout based on 2024 revenue and net profit.
- Buyers
- Pressure BioSciences, Inc.
- Targets
- Uncle Bud's
- Industry
- Consumer Products
- Location
- United States
- Transaction Type
- Buyout
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