Better Choice Company Updates Shareholders On Pro-Forma Balance Sheet Ahead Of SRx Health Acquisition, Reporting $10.9M Adjusted Net Tangible Book Value Or $4.07 Per Share, With Expected Acquisition Closing In Q4 2024
Portfolio Pulse from Benzinga Newsdesk
Better Choice Company (NYSE:BTTR) updates shareholders on its pro-forma balance sheet ahead of its acquisition of SRx Health, reporting an adjusted net tangible book value of $10.9M or $4.07 per share. The acquisition is expected to close in Q4 2024.
September 05, 2024 | 12:40 pm
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Better Choice Company reports a pro-forma adjusted net tangible book value of $10.9M or $4.07 per share, ahead of its acquisition of SRx Health, expected to close in Q4 2024.
The update on the pro-forma balance sheet and the expected acquisition of SRx Health are positive indicators for Better Choice Company. The acquisition is likely to add value to shareholders, as indicated by the company's management. The pro-forma financials suggest a solid financial position, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100