PolarityTE stock jumps 10% on LOI for $7.5M buyout bid by shareholder Brauser

Dec. 27, 2022 9:57 AM ETPolarityTE, Inc. (PTE)By: Jessica Kuruthukulangara, SA News Editor4 Comments

Business And Finance Concept Of A Bull Market Trend High Quality


  • PolarityTE (NASDAQ:PTE) stock jumped 10.4% on Tuesday after the biotechnology firm announced a non-binding letter of intent with shareholder Michael Brauser for his bid to acquire the firm for $1.03/share in cash, or ~$7.5M.
  • The deal amount is lower than his

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