OssDsign has completed the acquisition of Sirakoss.
The transaction was announced on November 3, 2020.
USD 11 million
OssDsign has acquired all outstanding Sirakoss shares in an all-cash transaction. The purchase price of USD 11 million, not including agreed milestone and royalty payments, is divided into three cash instalments, of which the first USD 5 million payment has now been paid by OssDsign.
The acquisition has been financed through the directed share issue of approximately SEK 65 million before transaction costs that OssDsign carried out on November 3, 2020. The two remaning cash instalments of USD 3 million each are to be paid on June 30 and December 31 2021, respectively.