Brief: Luna Acquires Silixa

Luna Innovations

21/12/2023 14:35

Dec 21 (Reuters) - Luna Innovations Inc  LUNA.O :
    * LUNA ACQUIRES SILIXA
    * LUNA INNOVATIONS INC: SILIXA IS EXPECTED TO ACHIEVE
APPROXIMATELY $30 MILLION IN 2023 REVENUE
    * LUNA INNOVATIONS INC- INCLUSIVE OF MODEST COST SYNERGIES,
ACQUISITION IS EXPECTED TO BE ACCRETIVE TO NON-GAAP EARNINGS IN
FIRST YEAR
    * LUNA INNOVATIONS INC: PURCHASE PRICE CONSISTS OF $21.5
MILLION
IN UPFRONT CASH CONSIDERATION AND UP TO AN ADDITIONAL $16.5
MILLION IN EARNOUTS PAYABLE
    * LUNA INNOVATIONS INC: TRANSACTION WAS FUNDED WITH A
PORTION OF
PROCEEDS FROM WHITE HAT CAPITAL PARTNERS' STRATEGIC INVESTMENT
IN LUNA


 ((Reuters.Briefs@thomsonreuters.com;;))