TipRanks Auto-Generated Newsdesk
Jan 03, 2025, 07:48 PM
Profire Energy announced the completion of a merger, resulting in the termination of its 2014 Equity Incentive Plan and 2023 Executive Incentive Plan. The merger involved the acquisition of all outstanding shares of the company at a purchase price of $2.55 per share, resulting in an aggregate consideration of approximately $118 million. Following the merger, trading of the company’s shares on NASDAQ was suspended, and the company filed for delisting and deregistration. Additionally, all company directors resigned, and the company’s articles of incorporation and bylaws were amended and restated.
