MergerJun 17, 2026, 04:07 PM
Simulations Plus to be Acquired by Altaris for $18.50/Share Cash
AI Summary
Simulations Plus, Inc. has entered into a definitive agreement to be acquired by Altaris, LLC for $18.50 per share in cash. The transaction, valued at approximately $18.50 per share, has received unanimous approval from the company's Board of Directors. The merger is subject to customary closing conditions, including shareholder approval and regulatory clearance. Following the merger, Simulations Plus will cease to be a publicly traded company, with its securities delisted from the Nasdaq.
Key Highlights
- Simulations Plus, Inc. to be acquired by Altaris, LLC for $18.50 per share in cash.
- The merger agreement has been unanimously approved by Simulations Plus's Board of Directors.
- Shareholders will vote on the merger agreement; a majority vote is required for approval.
- Upon closing, Simulations Plus will be delisted from the Nasdaq Global Select Market.
- Outstanding stock options will vest and be converted into a cash payment based on the merger consideration.
Price Impact
More from SLP