Profire Energy Completes Merger and Delisting Process
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
0mins
Should l Buy ?
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.
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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.
