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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.
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