INVO BioScience Inc INVO shares traded decrease on Tuesday. The corporate introduced it should purchase NAYA Biosciences in an all-stock transaction.
What To Know: NAYA Biosciences’ shareholders will obtain 7.3333 shares of INVO for every share of NAYA Biosciences at closing, for a complete of roughly 18,150,000 shares of INVO.
The mixed firm is anticipated to function underneath the identify “NAYA Biosciences” upon the completion of the merger.
Tuesday’s transfer was marked by abnormally excessive buying and selling quantity. In accordance with information from Benzinga Professional, the inventory skilled above-average buying and selling quantity of 4.86 million shares in comparison with its common quantity of 1.83 million. Additionally, buying and selling of the inventory was halted and resumed a number of instances in the course of the day.
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INVO Value Motion: Shares of INVO have been down 6.08% at $1.41 within the after-hours session on the time of publication Tuesday, in line with Benzinga Professional. Shares have been down 30.19% at $1.48 at market shut Tuesday. Photograph: Michal Jarmoluk from Pixabay
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