Biote announces $60 million agreement to repurchase 8.3 million shares

biote corp ( NASDAQ: BTMD ) signed a binding term sheet with Marci M. Donovitz, stockholder of Biote, to resolve litigation. For $60M in the aggregate, Biote will repurchase all the approximately 8.

3M of the Paired Interests and/or Class A Shares, as applicable, owned by Donovitz and will release and cancel all the approximately 4.0M Paired Interests subject to contractual earnout provisions owned by Ms. Donovitz.

Source: Press Release . More on BIOTE biote Corp. (BTMD) Q1 2024 Earnings Call Transcript Biote announces definitive settlement with founder Gary Donovitz Seeking Alpha’s Quant Rating on BIOTE Historical earnings data for BIOTE Financial information for BIOTE.