Aspire Biopharma rises on $30 mln acquisition deal

Aspire-lakewood Holdings

15/04/2026 11:39

** Aspire Biopharma Holdings ASBP.O shares rise 14.29% to $1.36 premarket

** Biotech firm says it signed a letter of intent to buy the Driver Controls Systems business of Firefish Topco in a $30 million deal

** Adds that deal helps to expand into automotive components, adding a business that supplies driver control systems used in vehicles

** ASBP says plans to fund the purchase in cash, does not expect to raise new equity

** Adds that agreement includes a 30‑day no‑shop period and break‑up fees of $3.5 million if the deal does not close under certain conditions

** Says the deal is not final and depends on a definitive agreement and meeting closing conditions

** As of last close, stock down ~77% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))