Carmell Corp Stock Price, News & Analysis

Carmell (NASDAQ: CTCX) has completed its acquisition of Elevai Skincare's skin and hair care business. The purchase consideration includes approximately $1.1 million in Carmell common stock at $0.8488 per share, with 1,149,226 shares issued at closing and 117,814 shares held back for indemnification purposes. Additional terms include approximately $57,000 in cash for specified inventory and assumption of Elevai's contractual liabilities.

The deal includes earnout considerations of 5% of net sales from existing products over 5 years and a $500,000 milestone payment if hair and scalp products achieve $500,000 in revenue within 24 months. Acquired assets include Elevai's product portfolio with FY2024 revenue of approximately $2.5 million, commercial team, inventory valued at $1.0 million, and accounts receivable of $0.03 million. Post-acquisition, Carmell's total outstanding common stock is approximately 30.1 million shares.

Carmell (CTCX) has closed its previously announced private placement, raising $1.85 million in gross proceeds through the issuance of 8,065,210 shares of common stock and an equal number of five-year warrants, both priced at $0.23 per share. The placement was conducted with new and existing investors at a slight premium to the December 23, 2024 closing price.

The warrants, if exercised following stockholder approval, could generate an additional $1.85 million in gross proceeds. Shares from the placement will become tradeable after SEC effectiveness of the resale registration statement, expected within 60-120 days. Brookline Capital Markets served as the exclusive placement agent.

According to Chairman Rajiv Shukla, the proceeds, combined with the recently announced Elevai Skincare acquisition agreement, position Carmell to build shareholder value through commercialization of their bio-aesthetic portfolio, product development, and strategic transactions.

Carmell (CTCX) has announced a definitive agreement to acquire Elevai Skincare's assets. The acquisition terms include: $1.1 million in Carmell common stock at closing, approximately $57,000 in cash for specified inventory, and contingent earnout payments consisting of 5% of net sales from existing products over 5 years, plus a $500,000 milestone payment if hair and scalp products achieve $500,000 in revenue within 24 months.

The acquired assets include Elevai's product portfolio with $2.5 million trailing twelve-month revenue, commercial and product development team, inventory valued at approximately $1.0 million, and accounts receivable of about $0.03 million. The deal aims to integrate stem cell derived exosome technology into Carmell's bio-aesthetic platform.

Carmell (CTCX) has secured a private placement investment of $1.85 million through the sale of 8,065,210 shares of common stock and an equal number of five-year warrants, both priced at $0.23 per share. The deal includes additional potential proceeds of $1.85 million if warrants are exercised. The placement was priced slightly above CTCX's closing price on December 23, 2024.

Following the private placement, Carmell will have approximately 29 million shares of common stock outstanding. The warrants can be exercised after the Stockholder Approval Date at $0.23 per share. Brookline Capital Markets served as the exclusive placement agent for this transaction.

Blushington, an express luxury beauty franchise, has formed a National Advisory Board to guide its ambitious expansion plan of awarding 130 franchises by 2028. The board comprises accomplished leaders in beauty, franchising, commercial real estate, product development, and human capital solutions. CEO Natasha Cornstein emphasized the board's role in providing strategic guidance and increasing business value.

The advisory board includes notable members such as Kendra Bracken Ferguson, CEO of Carmell Cosmetics (NASDAQ: CTCX), Jessica Bruner, real estate strategist, Joanna Meiseles, franchising expert, Kathryn Paves, brand architect, and Lisa Marie Ringus, talent management executive. These industry leaders bring diverse expertise to support Blushington's growth and innovation in making professional beauty services accessible to all customers.

Carmell (Nasdaq: CTCX) has announced a strategic partnership with Ladies Playbook, an exclusive community for NFL families. This collaboration aims to support skin health and education within the NFL community, which generates annual revenues approaching $20 billion from 32 teams valued at approximately $160 billion.

The partnership will showcase Carmell's flagship brand, Carmell Secretome™, a revolutionary regenerative skincare line derived from human platelets without synthetic proteins. Carmell will host events with NFL wives and girlfriends in various markets and build omni-channel opportunities across social media and digital platforms.

Carmell's commitment to skin health is emphasized by their exclusion of 14 harsh chemicals, dubbed 'The Foul Fourteen™', from their products. This partnership aligns with Carmell's goal to accelerate growth through direct-to-consumer and e-commerce channels, as well as influential franchise initiatives.

Carmell (Nasdaq: CTCX) has appointed Kendra Bracken-Ferguson as its new CEO, effective July 30, 2024. This strategic move comes as the company aims to accelerate growth in the beauty and wellness industry. Bracken-Ferguson brings over 20 years of experience, including founding Digital Brand Architects and BrainTrust Founders Studio. Her appointment follows Carmell's recent achievements, including:

- Developing 12 skincare products
- Scaling up in-house manufacturing
- Building a D2C customer channel
- Lowering cash burn by 50%
- Raising $3 million from investors
- Commencing commercial sales
- Addition to the Russell Microcap Index

Under her leadership, Carmell plans to expand its portfolio through strategic investments and acquisitions, focusing on innovative brands in the beauty and wellness space.