biote (BTMD) just unveiled an announcement.
Biote Corp. has reached a settlement with stockholder Marci M. Donovitz, agreeing to repurchase Donovitz’s shares for $60 million at $7.23 per share, in a structured buyback over three years. Additionally, 4 million shares tied to earnout provisions will be canceled without further payment. The agreement also includes a mutual release of claims, a new voting agreement, and provisions for accelerated repurchase in the event of a change of control. This move aims to resolve ongoing litigation and is detailed in a forthcoming Form 10-Q report, with an initial press release already issued.
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