Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Transenterix (NYSE:TRXC) said Wednesday it's selling AutoLap’s assets to Great Belief International Limited for $47 million. The company also announced Great Belief International Limited is making an equity investment of $30 million In Transenterix’s common stock at $2.00 per share payable on or before Sept. 30.
Transenterix is a medical device company. AutoLap is an image-based scope positioning system used for traditional laparoscopic procedures.
"AutoLap has a track record of success with laparoscopic surgeons across a wide variety of procedures around the globe,” said TransEnterix CEO Todd Pope. “GBIL [Great Belief International[ has been a great partner for us in the past, and we believe they will be successful in bringing the benefits of the AutoLap product to the greatest number of laparoscopic surgeons worldwide."
Transenterix shares were trading up 35% at $1.72 at time of publication. The stock has a 52-week high of $6.98 and a 52-week low of $1.03.
Related Links:
Arthur J. Gallagher Acquires BluePeak Advisors
Altimmune To Acquire Spitfire Pharma For $5M, Add NASH Drug To Portfolio
Photo courtesy of Transenterix.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!