Forge Nano completes acquisition of HzO
NANO•Forge Nano completed its acquisition of HzO on November 4, making HzO a wholly owned subsidiary. HzO stockholders became entitled to 7,306,440 common shares, with consideration calculated at $10 per share.
1. Acquisition terms
Forge Nano issued 5,772,645 shares at closing and withheld another 1,533,795 for 12 months to secure post-closing adjustment and indemnification obligations. The consideration reflected $55 million plus the value of HzO’s existing holdings of Forge Nano shares, subject to closing adjustments.
