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Stock impact report

Guardion Health Sciences Announces Completion of Sale of its Viactiv® Brand and Business to Doctor's Best Inc. and Stockholder Approval of Plan of Liquidation and Dissolution [Yahoo! Finan...

BEST Inc. American Depositary Shares, each representing five Class A Ordinary Share (BEST) 
Last best inc. american depositary shares, each representing five class a ordinary share earnings: 3/12 06:33 am Check Earnings Report
Company Research Source: Yahoo! Finance
company that offers a portfolio of science-based, clinically-supported products designed to support the health needs of consumers, healthcare professionals and providers and their patients, announced that today it closed on its Definitive Agreement to sell its Viactiv business to Doctor's Best Inc. for gross cash consideration of $17,200,000. The Company received net cash proceeds of $16,250,000 at closing, with another $225,000 retained in a third-party escrow account with U.S. Bank, NA, to be released in accordance with the terms of the transaction documents. Guardion's stockholders had previously approved the sale of its Viactiv business at a Special Meeting of Stockholders (the “Meeting”) held on May 23, 2024. Following this approval, the Company adjourned the Meeting to 11:00 a.m. Central Time on May 31, 2024 in order to give the Company's management additional time to solicit proxies from its stockholders of record on April 5, 2024 to vote in favor of the proposal to adopt a P Show less Read more
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