Adia Med Sells 30% Stake in Adia Labs for $1.5 Million
Adia Med Inc. has sold a 30% interest in its subsidiary Adia Labs LLC to Live Oak Health (dba QCM Biologics) for $1.5 million. The sale is accompanied by a distribution partnership.
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01:21:33 PM UTC
SquawkNews
Adia Med sold a 30% stake in Adia Labs to Live Oak Health for $1.5M ($1.0M cash, $500K note) and named QCM Biologics as a distributor with exclusive sourcing from Adia Labs. Adia Med retains 70% and granted a 2-year option for an additional 10% at $500K.Material DetailsContext by AI AnalystThis is…