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Titan Environmental Solutions ( (TESI) ) has provided an announcement.
On June 6, 2025, Titan Environmental Services, Inc. entered into a binding letter of intent for a potential acquisition by Windtree Therapeutics, Inc., a Nasdaq-listed company. The acquisition involves the purchase of all issued and outstanding securities of Titan, with Windtree offering $35 million in preferred stock and additional notes totaling $1.75 million. Titan will also have the opportunity to appoint two members to Windtree’s board post-acquisition. This agreement includes a 60-day exclusivity period, during which Titan cannot seek alternative transactions, and a break-up fee of $8 million if the acquisition is not completed. Additionally, on June 5, 2025, Titan’s subsidiary, Standard Waste Services, LLC, was issued a senior note of $6,617,857, intended for debt repayment and working capital, maturing by January 15, 2026, or upon the acquisition’s completion.
More about Titan Environmental Solutions
Average Trading Volume: 6,940
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.25M
For detailed information about TESI stock, go to TipRanks’ Stock Analysis page.