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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

UPDATE: Consideration Includes ~$1.1M In Carmell Common Stock, ~$57K In Cash Upon Sale Of Specified Inventory And Contingent Earnout

Author: Benzinga Newsdesk | January 02, 2025 08:05am

The purchase consideration for the Acquisition is as follows:

Approximately $1.1 million in Carmell common stock at the closing of the Acquisition (the "Closing");
Approximately $57,000 in cash upon the sale of specified inventory existing as of the Closing;
Contingent earnout consideration consisting of:
- 5% of net sales from Elevai's existing products paid annually during the 5-year period following the Closing, and
- a one-time milestone payment of $500,000 if Elevai's hair and scalp products achieve $500,000 in net revenue within 24 months following the Closing; and
Carmell's assumption of contractual liabilities and trade payables of Elevai at the Closing.

Posted In: CTCX