Carmell Announces Execution of Definitive Agreement to Acquire Elevai Skincare, a leader in Physician Dispensed Exosome Skin and Hair Care Products
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Carmell Corporation (Nasdaq: CTCX) has announced a definitive agreement to acquire Elevai Skincare, a leader in exosome skin and hair care products. The acquisition involves a mix of stock, cash, and contingent earnout considerations.
January 02, 2025 | 1:15 pm
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Carmell Corporation is acquiring Elevai Skincare, which could enhance its product offerings in the bio-aesthetics market. The acquisition involves stock, cash, and contingent earnout considerations.
The acquisition of Elevai Skincare by Carmell Corporation is likely to positively impact CTCX's stock price in the short term. The deal enhances Carmell's product offerings in the growing bio-aesthetics market, which could lead to increased revenue. The structured payment terms, including stock and contingent earnouts, suggest a strategic investment in future growth.
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