Impact biomedical director Chan Heng Fai sells shares worth $174,019

Published 07/04/2025, 22:22
Impact biomedical director Chan Heng Fai sells shares worth $174,019

Chan Heng Fai, a director at Impact Biomedical Inc. (NASDAQ:IBO), has sold 351,555 shares of the company's common stock. The stock has experienced significant volatility, with InvestingPro data showing a 64% decline over the past year and a current market capitalization of $11.6 million. The transaction took place on April 3, 2025, at a weighted average sale price of $0.495 per share, generating a total of $174,019. The sale was executed through Alset International Limited, a majority-owned subsidiary of Alset Inc., where Mr. Chan serves as Chairman and CEO. The shares were sold in multiple trades with prices ranging from $0.46 to $0.57. After this transaction, Mr. Chan no longer holds any shares directly or indirectly through this entity. According to InvestingPro analysis, the company faces liquidity challenges with a current ratio of 0.25, indicating short-term obligations exceed liquid assets. For comprehensive insider trading analysis and additional insights, investors can access more than 6 exclusive ProTips on InvestingPro.

In other recent news, Impact BioMedical Inc. has announced the acquisition of Celios®, an air purification technology company, in an all-equity deal valued at approximately $1.15 million. This strategic move aims to expand Impact BioMedical's health and wellness portfolio while potentially increasing immediate revenue. Celios® is known for its advanced air purification systems, which are protected by patents in the U.S. and other countries until 2043. The acquisition is expected to complement Impact BioMedical's existing suite of health innovations, as noted by CEO Frank D. Heuszel.

Additionally, Impact BioMedical has addressed recent unexplained fluctuations in its stock price, stating that there have been no significant business developments to account for the unusual activity. The company emphasized that no material changes in its operations have been disclosed that would typically influence share value. Despite the stock's volatility, there has been no accompanying analyst commentary to explain the surge. Investors are advised to remain cautious when considering forward-looking statements, as actual outcomes may vary due to various risk factors. These developments underscore Impact BioMedical's ongoing focus on innovative healthcare solutions and its strategic growth initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.