On August 24, Myomo Inc And Keystone Agreed To Terminate Common Stock Purchase Agreement Dated August 2; Company Did Not Incur Any Early Termination Penalties In Connection With Early Termination
Portfolio Pulse from Happy Mohamed
Myomo Inc and Keystone have mutually agreed to terminate their common stock purchase agreement dated August 2. Myomo did not incur any early termination penalties.
August 24, 2023 | 8:50 pm
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NEUTRAL IMPACT
Myomo Inc's common stock purchase agreement with Keystone has been terminated. The company did not incur any penalties for early termination.
The termination of the stock purchase agreement could have mixed effects on Myomo's stock. On one hand, it could be seen as a negative sign that the deal did not go through. On the other hand, the fact that Myomo did not incur any penalties could be seen as a positive. Therefore, the short term impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100