Profire Energy Completes Merger and Delisting Process
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
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Source: Business Insider
Merger Completion: Profire Energy has completed a merger, leading to the termination of its 2014 and 2023 incentive plans, with all outstanding shares acquired at $2.55 each for a total of approximately $118 million.
Company Changes: Following the merger, Profire Energy's shares were suspended from NASDAQ trading, the company filed for delisting, all directors resigned, and its articles of incorporation and bylaws were amended.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
