PainReform (PRFX) said Wednesday it completed the acquisition of DeepSolar, an AI-driven solar analytics platform, from Israeli-based company BladeRanger.
Under the transaction, PainReform gained rights to various assets, including intellectual property, customer relations, agreements, and the "My DeepSolar" application and platform.
On closing, BladeRanger received 178,769 ordinary shares of PainReform and 223,792 pre-funded warrants to purchase 223,792 ordinary shares.
Following an increase in its share capital at a shareholders' meeting set for April 3, PainReform said it will issue remaining securities including 685,004 pre-funded milestone warrants, 1.1 million warrants-A and 1.1 million warrants-B.
Shares of PainReform were up 4% in recent trading.
Price: 3.09, Change: +0.12, Percent Change: +4.04
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