1) Miromatrix Medical Inc

NASDAQ: MIRO

3.29 USD +2.28 (225.71%) today

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  • Miromatrix Medical (MIRO) stock is increasing on acquisition news.
  • The company is being acquired by United Therapeutics (UTHR) in a $91 million deal.
  • This has UTHR agreeing to pay $3.25 per share for MIRO stock.

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Miromatrix Medical (NASDAQ:MIRO) stock is rocketing higher on Monday after announcing an acquisition deal with United Therapeutics (NASDAQ:UTHR).

That deal has United Therapeutics agreeing to acquire Miromatrix Medical for $91 million in cash, which comes to $3.25 per share. That represents a premium of 170% over the 30-day volume-weighted average trading price for MIRO stock when markets closed on Friday.

The deal also includes a potential additional payment of $1.75 per share in cash. That’s tied to development milestones for Miromatrix Medical’s mirokidney treatment. Those milestones must be met by Dec. 31, 2025, for shareholders to receive the payment.

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Disclaimer: This content is made for entertainment purposes only. This is not financial advice.