Market News / Story
Adia Med Inc. (ADIA) Sells 30% of Adia Labs for $1.5M, Adds Distributor
·
Adia Med sold a 30% stake in Adia Labs to Live Oak Health for $1.5M ($1.0M cash, $500K note) and named QCM Biologics as a distributor with exclusive sourcing from Adia Labs. Adia Med retains 70% and granted a 2-year option for an additional 10% at $500K. Material Details #DetailAI Analyst View1Sells 30% of Adia Labs for $1.5MBrings in cash and sets valuation marker for the Labs unit.2$1.0M cash, $500K promissory noteImmediate liquidity plus a receivable; note adds…