Renovaro Inc. Expands with Strategic Acquisition and Equity Changes

Renovaro Biosciences (RENB) has released an update.

Renovaro Inc. successfully completed the acquisition of GEDi Cube, making it a wholly-owned subsidiary and changing the company name from Renovaro Biosciences Inc. to Renovaro Inc. As part of the transaction, the company issued approximately 70.8 million shares of common stock to the sellers. This equity transfer includes shares issued as closing consideration and an additional amount for the automatic conversion of the company’s Series A Convertible Preferred Stock. Following these transactions, Renovaro Inc. now has over 143 million common shares outstanding.

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