PhotoMedex Inc (PHMD.OQ) Key Developments | Reuters.com
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PhotoMedex Inc (PHMD.OQ)

PHMD.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

PhotoMedex Inc to sell consumer and professional businesses to DS Healthcare Group
Monday, 22 Feb 2016 09:30am EST 

PhotoMedex Inc:To sell consumer and professional businesses to DS Healthcare Group.Says deal valued at about $48 million.Says total consideration over three years includes convertible preferred stock, common stock and a note.Says consideration over three years includes convertible preferred stock, common stock and a note.Says under the terms of the agreement, DS Healthcare will issue $20 million convertible series a preferred stock.Says the boards of directors of PhotoMedex and DS Healthcare have approved the transaction.Says boards of directors of PhotoMedex and DS Healthcare have approved the transaction.DS Healthcare will issue note in the amount of $4.5 million in consideration of the radiancy consumer products business.PhotoMedex shareholders will own about 43% of company and DS Healthcare shareholders will own about 57%, each on an "as converted" basis.Proposed transaction is structured in two reverse triangular mergers.Says after conversion of the deemed PhotoMedex common stock equivalents, PhotoMedex shareholders will own approximately 43%.  Full Article

PhotoMedex enters into asset purchase agreement with DaLian JiKang Medical Systems Import & Export Co - Form 8-K
Friday, 4 Sep 2015 03:07pm EDT 

PhotoMedex, Inc:Along with subsidiary PhotoMedex Technology, Inc, entered into an asset purchase agreement with DaLian JiKang Medical Systems Import & Export Co.Says JiKang acquired the SLT surgical laser business from PTECH.Total purchase price of $1.5 million.  Full Article

Mela Sciences buys XTRAC and VTRAC businesses from PhotoMedex for $42.5 mln
Tuesday, 23 Jun 2015 08:01am EDT 

Mela Sciences Inc:Acquires XTRAC and VTRAC businesses from Photomedex, Inc.Deal for $42.5 mln in cash.To fund the purchase price of the transaction, the company has issued senior secured notes and convertible debentures.Sold $10.0 million principal amount of senior secured notes bearing interest at 9% per year.Also issued $32.5 mln convertible debentures that will be convertible into about 43.3 mln shares of common stock.  Full Article

PhotoMedex Inc secures $85 mln in senior secured credit facilities - Form 8-K
Tuesday, 4 Nov 2014 04:30pm EST 

PhotoMedex Inc:Says on Nov. 4, enters into an amended and restated forbearance agreement with the lenders that are parties to the credit agreement dated May 12, 2014, and with JP Morgan Chase, as administrative agent for the lenders.Obtains $85 mln in senior secured credit facilities, which included a $10 mln revolving credit facility and a $75 mln four-year term loan.  Full Article