ReShape And Vyome To Merge In All-stock Deal; ReShape To Substantially All Of Its Assets To Bioradfxcue.com

(fxcue news) - Metabolic health-solutions company ReShape Lifesciences (RSLS) and Vyome Therapeutics, Inc., announced Tuesday that they have entered into a definitive merger agreement under which ReShape and Vyome will combine in an all-stock transaction. The combined company will focus on advancing the development of its immuno-inflammatory assets and on identifying additional opportunities between the world-class Indian innovation corridor and the U.S. market. Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, existing ReShape stockholders will own approximately 11.1% of the combined company immediately following the closing of the merger, subject to adjustment based on ReShape's actual net cash at closing compared to a target net cash amount of $5 million. At the closing of the merger, ReShape will be renamed Vyome Holdings, Inc. and expects to trade under the Nasdaq ticker symbol "HIND," representing the company's alignment with the U.S.-India relationship. The board of directors of the combined company will be comprised of six directors designated by Vyome and one director designated by ReShape and executive management of the combined company will consist of Vyome's executive officers. Simultaneously with the execution of the merger agreement, ReShape entered into an asset purchase agreement to sell substantially all of its assets to Biorad Medisys, Pvt. Ltd. for a purchase price of $5.16 million in cash. The assets include ReShape's Lap-Band System, Obalon Gastric Balloon System and the Diabetes Bloc-Stim Neuromodulation (DBSN) System. Biorad will also assume substantially all of ReShape's liabilities.

ReShape And Vyome To Merge In All-stock Deal; ReShape To Substantially All Of Its Assets To Biorad

ReShape And Vyome To Merge In All-stock Deal; ReShape To Substantially All Of Its Assets To Biorad

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EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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ReShape And Vyome To Merge In All-stock Deal; ReShape To Substantially All Of Its Assets To Biorad

ReShape And Vyome To Merge In All-stock Deal; ReShape To Substantially All Of Its Assets To Biorad

HSBC Teams Up With Visa To Develop And Launch Zing International Money App

DAX Edges Up After Powell's Comments On Rate Cuts

Asian Shares Mixed; Japan's Nikkei Hits A New High

CAC 40 Gains As Parties Begin Talks On Forming Government

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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