DSS, Inc. Announces Sale of Celios® to Impact BioMedical, Streamlining Portfolio for Strategic Growth
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DSS, Inc. has sold its Celios® air purification asset to Impact BioMedical in an all-equity transaction worth $1.15 million. This move is part of DSS's strategy to streamline its portfolio and focus on core growth areas.
February 26, 2025 | 1:45 pm
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POSITIVE IMPACT
DSS, Inc. has divested its Celios® asset to Impact BioMedical for $1.15 million in equity, aligning with its strategy to streamline its portfolio and focus on core growth areas.
The sale of Celios® allows DSS to focus on its core growth areas, which is likely to be viewed positively by investors as it aligns with the company's strategic goals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Impact BioMedical has acquired the Celios® air purification asset from DSS, Inc. in an all-equity transaction valued at $1.15 million, potentially expanding its product offerings.
The acquisition of Celios® could enhance Impact BioMedical's product portfolio, which may be seen as a positive development by investors.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70