Byrna Technologies Acquires Assets Of Ballistipax For Undisclosed Sum

August 19, 2021 1:50 PM | 1 min read

Byrna Technologies Inc BYRN has acquired the assets of Ballistipax, a developer of single-handed, rapidly deployable bulletproof backpacks, for undisclosed financial terms.
Byrna acquired several Ballistipax trademarks, two patents, finished goods, raw materials inventory, and other assets.
Byrna funded the acquisition with cash on hand. It held cash of $5.3 million as of May 31, 2021.
Byrna plans to offer the protective backpacks under the "Byrna Shield" product name in three configurations with an MSRP ranging from $339 to $899.
Price Action: BYRN shares traded higher by 0.95% at $24.35 on the last check Thursday.