Ts aquaculture llc acquired 38.1% stake in aquabounty technologies, inc. (nasdaqcm:aqb) from intrexon corporation (nasdaqgs:xon) for $21.6 million.

Ts aquaculture llc entered into a stock purchase agreement to acquire 38.1% stake in aquabounty technologies, inc. (nasdaqcm:aqb) from intrexon corporation (nasdaqgs:xon) for $21.6 million on october 29, 2019. ts aquaculture will acquire 8,239,199 shares of common stock of aquabounty technologies. the transaction was unanimously approved by the independent members of intrexon’s board of directors, with the recommendation of the audit committee and an independent special committee of the board. scott m. freeman and michael d. warden of sidley austin llp acted as legal advisor to intrexon corporation. cascadia capital, llc acted as financial advisor to intrexon corporation. ts aquaculture llc completed the acquisition of 38.1% stake in aquabounty technologies, inc. (nasdaqcm:aqb) from intrexon corporation (nasdaqgs:xon) on october 29, 2019.
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