Quanterix - QTRX STOCK NEWS

Quanterix and Akoya Biosciences have announced amended merger terms, revising their previous agreement. Under the new terms, Quanterix will issue approximately 7.76 million shares and pay $20 million in cash to Akoya shareholders. Each Akoya share will receive $0.38 in cash and 0.1461 Quanterix shares.

The revised deal structure results in 9 million fewer shares being issued compared to the original terms. Post-merger ownership will be split with Quanterix shareholders holding approximately 84% and Akoya shareholders owning 16% of the combined company.

The amended agreement has received approval from both companies' boards, with over 50% of Akoya shareholders agreeing to vote in favor. The merger is expected to close in Q2 2025, subject to standard closing conditions. Goldman Sachs is advising Quanterix, while Perella Weinberg Partners is serving as Akoya's financial advisor.

Kent Lake, holding 7.7% of Quanterix (NASDAQ: QTRX) shares, has filed a definitive proxy statement opposing the proposed merger with Akoya Biosciences (NASDAQ: AKYA). The investment firm has issued a letter to shareholders urging them to vote AGAINST both merger-related proposals at the upcoming special meeting scheduled for May 13, 2025.

Kent Lake characterizes the merger as 'value-destructive' and 'deeply unfair,' describing it as effectively a bailout for Akoya at Quanterix shareholders' expense. The firm has raised concerns about the transaction process and potential conflicts of interest among Quanterix board members. Shareholders can access additional voting information and resources at www.SaveQTRX.com.

Tikvah Management , owning approximately 1.5% of Quanterix Corp. (QTRX), has expressed serious concerns regarding Quanterix's recent agreement to purchase up to $30 million in convertible notes from Akoya Biosciences (AKYA).

The investment firm highlighted three major concerns: 1) Akoya's need for bridge financing indicates potential financial distress, 2) the timing of the capital commitment before the shareholder vote on the proposed Quanterix-Akoya merger is questionable, and 3) the convertible notes' terms are considered unfavorable to Quanterix shareholders.

Tikvah has reaffirmed its intention to vote AGAINST the proposed merger between Quanterix and Akoya at the upcoming Special Meeting, while reserving the right to change its position based on new developments.

Kent Lake, holding approximately 7.5% of Quanterix (NASDAQ: QTRX) shares, has expressed strong opposition to Quanterix's recent $30 million convertible notes agreement with Akoya Biosciences (NASDAQ: AKYA).

The agreement, part of a broader merger deal, allows Akoya to sell convertible notes to Quanterix until July 2025, even if the merger is terminated. Kent Lake criticizes this as a 'backdoor financing' arrangement, highlighting that Akoya faces a 'near-term liquidity crisis' and arguing that Quanterix shareholders will be left with 'high-risk subordinated distressed debt'.

Kent Lake claims the Board violated fiduciary duties by not providing comprehensive disclosures on the bridge financing terms and lacking a fairness opinion. They urge shareholders to vote AGAINST both merger-related proposals.

Quanterix (NASDAQ: QTRX) has unveiled a new dried blood spot (DBS) extraction kit for their Simoa® assay platform at the AD/PD conference in Vienna. The innovative kit aims to revolutionize neurodegenerative disease testing by enabling biomarker measurement from dried blood spots, offering a more cost-effective and less invasive alternative to traditional venous blood draws.

The DBS extraction kit, developed in collaboration with the DROP-AD Project at the University of Gothenburg, includes buffers and sample preparation protocols. Validation studies demonstrated correlation rates of 0.75 to 0.86 between DBS samples and venous samples in simulated CSF testing using Simoa ALZpath p-Tau 217.

The company's Simoa® technology is being featured in over 80 posters and presentations at the conference, highlighting its impact on neurodegenerative disease research. This advancement aims to improve accessibility to biomarker testing, particularly in remote or resource- settings, and expand participation in Alzheimer's research among under-represented populations.

Tikvah Management , holding approximately 1.5% of Quanterix Corp. (QTRX) shares, has announced its intention to vote against the proposed merger with Akoya Biosciences (AKYA) at the upcoming Quanterix Special Meeting. As a significant investor since 2018, Tikvah opposes the merger citing three main concerns:

• Undervaluation of Quanterix shares in the proposed deal
• Expected significant reduction in company cash flow post-merger
• Quanterix's business superiority compared to Akoya's

Tikvah has noted that other investors have also publicly expressed opposition to the merger, though they maintain the right to change their position if significant new developments arise.

Sera Prognostics (Nasdaq: SERA) announced significant changes to its Board of Directors. Jeff Elliott, currently a senior advisor at Boston Consulting Group and board member of Quanterix , will join the board on March 20, 2025. Elliott brings extensive experience in corporate strategy, business operations, and commercializing molecular diagnostics, having previously served as CFO and COO at Exact Sciences.

The company also announced that Ryan Trimble will retire and step down as director on June 30, 2025, after 14 years of service. Additionally, Marcus Wilson will not seek re-election at the 2025 Annual Meeting of Stockholders. Both departures are part of the board's ongoing efforts to refresh its composition and expertise.

These changes come at a important time as Sera begins leveraging its recent PRIME study results to build market presence for its PreTRM® test, focusing on improving maternal and neonatal health through pregnancy biomarker information.

Quanterix (NASDAQ: QTRX) reported Q4 2024 financial results, marking its seventh consecutive quarter of double-digit revenue growth. Q4 revenue reached $35.2 million, up 11% year-over-year, with a GAAP gross margin of 63.0%. The company posted a net loss of $11.6 million.

Full-year 2024 revenue was $137.4 million, a 12% increase from 2022, with a net loss of $38.5 million. The company ended 2024 with $291.7 million in cash and equivalents.

Key developments include:

• Announced acquisition of Akoya Biosciences in an all-stock transaction, expected to close in Q2 2025
• Plans to launch Simoa ONE instrument by end of 2025
• Acquired EMISSION for bead manufacturing capabilities
• Received FDA Breakthrough Designation for LucentAD Complete test

For 2025, Quanterix projects standalone revenue of $140.0-146.0 million (2-6% growth) with gross margin of 59-63%.

Kent Lake PR , holding 7.47% of Quanterix (NASDAQ: QTRX) shares, has expressed strong opposition to the proposed merger with Akoya Biosciences (NASDAQ: AKYA). The investor raises critical concerns about the transaction, highlighting that over 82% of the combined company enterprise value would be allocated to Akoya shareholders, leaving less than 18% for Quanterix shareholders.

Kent Lake has nominated three independent candidates for Quanterix's Board of Directors and demands answers to key questions regarding: the disproportionate value distribution, Akoya's going concern issues, potential conflicts of interest involving board member Dr. Ivana Magovčević-Liebisch, material NIH funding risks, and the merger process where Quanterix was reportedly bidding against itself after other bidders withdrew due to concerns about Akoya's high cash burn and debt.