Nanalysis Sci Stock Price, News & Analysis

Nanalysis Scientific Corp. (OTCQX:NSCIF) announced the granting of 620,000 stock options to directors and officers at an exercise price of $1.32 per share, valid for five years. The options will vest in three stages: one-third after 12, 24, and 36 months. This strategic move aims to incentivize leadership and align their interests with shareholders.

Nanalysis Scientific Corp. (NSCIF) released a corporate update on February 17, 2022, highlighting solid growth through 2021. The company reported annual revenues of approximately $16 million, a 103% increase year-over-year, and maintains gross margins of 63% to 65%. Key developments include the acquisition of K'Prime and Quad Systems, funded by a successful $15.2 million equity offering. Nanalysis aims to integrate these acquisitions and expand its sales channels, with CEO Sean Krakiwsky expressing confidence in continued growth in 2022 and beyond.

Nanalysis Scientific Corp. has successfully closed a public offering of common shares, raising $15,224,700.70. The company issued a total of 11,212,500 shares at a price of $1.10 per share, which includes shares from an over-allotment option. Additionally, 2,628,137 shares were issued through a private placement for $2,890,950.70. The funds will support sales, marketing, R&D, and potential acquisitions. The shares issued through the private placement are subject to a four-month hold period. Final acceptance by the TSX Venture Exchange is pending.

Nanalysis Scientific Corp. will provide a corporate update on February 17, 2021, followed by a conference call hosted by CEO Sean Krakiwsky and CFO Luke Caplette at 5:00 PM ET. Investors can join the call by dialing 1-877-451-6152 or through a webcast. The call will be archived for 90 days. Nanalysis specializes in portable MRI and NMR machines used in healthcare and industrial applications, aiming to capitalize on its proprietary technologies. The company trades under the ticker symbols NSCI on TSXV and NSCIF on OTCQX.

Nanalysis Scientific Corp. has announced a letter of intent to acquire Zurich-based Quad Systems AG, a company specializing in high-field Nuclear Magnetic Resonance (NMR) technology. This acquisition aims to enhance Nanalysis's market position and product offerings in the billion-dollar high-field NMR market. Nanalysis will invest CHF 6,500,000 for a 43% stake in Quad Systems and has provided a CHF 1,000,000 convertible loan. The merger is expected to create cross-selling opportunities and address market demands for innovation and efficiency in NMR technologies.

Nanalysis Scientific Corp. has successfully completed the acquisition of K'Prime Technologies Inc., focusing on scientific instrumentation across various sectors, including pharma and oil & gas. CEO Sean Krakiwsky emphasizes the integration of operations and enhancing sales across product lines. This acquisition aligns with Nanalysis's strategy to develop a fully integrated scientific instrumentation company worldwide. Nanalysis continues to innovate with portable NMR spectrometers and is expanding its market presence globally.

Nanalysis Scientific Corp. (OTCQX: NSCIF) has established a Scientific Advisory Board as of December 21, 2021, featuring four esteemed scientists, including Dr. Matt Rosen from Harvard Medical School. This move aims to enhance Nanalysis' R&D capabilities and drive innovation in magnetic resonance technology. The board will support the company's vision to leverage machine learning and AI for democratizing magnetic resonance applications in industries and medical imaging. CEO Sean Krakiwsky emphasizes the importance of staying connected to global scientific initiatives.