Windtree Therapeutics Announces It Will Receive $7.5 Million In Cash and Securities from the Recently Executed Termination Agreement with an Environmental Services Company
Windtree Therapeutics (OTCID: WINT) announced on November 13, 2025 that it signed a letter of intent with TESI (OTC: TESI) and will receive $7.5 million in cash and TESI securities under a recently executed termination agreement.
The companies had been pursuing a potential acquisition of Titan Environmental Services, a Michigan waste management business, but mutually agreed to end that process and release reciprocal surviving obligations. Windtree said it will refocus on other opportunities as part of its strategy to become a revenue-generating company.
Windtree Therapeutics (OTCID: WINT) ha annunciato il 13 novembre 2025 di aver firmato una lettera di intenti con TESI (OTC: TESI) e di ricevere $7,5 milioni in contanti e titoli TESI ai sensi di un accordo di risoluzione recentemente stipulato.
Le aziende avevano perseguito una potenziale acquisizione di Titan Environmental Services, un'azienda di gestione dei rifiuti del Michigan, ma hanno concordato reciprocamente di porre fine a quel processo e di liberare gli obblighi residui reciproci. Windtree ha dichiarato che si concentrerà su altre opportunità nell'ambito della sua strategia per diventare una società in grado di generare reddito.
Windtree Therapeutics (OTCID: WINT) anunció el 13 de noviembre de 2025 que firmó una carta de intención con TESI (OTC: TESI) y recibirá $7.5 millones en efectivo y valores de TESI bajo un acuerdo de terminación recientemente ejecutado.
Las compañías habían estado buscando una posible adquisición de Titan Environmental Services, un negocio de gestión de residuos de Michigan, pero acordaron mutuamente terminar ese proceso y liberar las obligaciones pendientes recíprocas. Windtree dijo que se reorientará hacia otras oportunidades como parte de su estrategia para convertirse en una empresa generadora de ingresos.
Windtree Therapeutics (OTCID: WINT)는 2025년 11월 13일에 TESI (OTC: TESI)와 의향서에 서명했으며 최근 체결된 종료 계약에 따라 현금 $7.5백만 및 TESI 증권을 수령하게 될 것이라고 발표했습니다.
양사는 미시간 주의 폐기물 관리 사업인 Titan Environmental Services의 잠재적 인수를 추진해 왔으나 상호 합의로 그 과정을 종료하고 상호 남은 의무를 해지하기로 합의했습니다. Windtree는 수익 창출 기업이 되기 위한 전략의 일환으로 다른 기회에 집중하겠다고 밝혔습니다.
Windtree Therapeutics (OTCID: WINT) a annoncé le 13 novembre 2025 qu'il a signé une lettre d'intention avec TESI (OTC: TESI) et recevra $7.5 millions en espèces et des titres TESI dans le cadre d'un accord de résiliation récemment conclu.
Les entreprises avaient envisagé l'acquisition potentielle de Titan Environmental Services, une entreprise de gestion des déchets du Michigan, mais elles ont convenu mutuellement de mettre fin à ce processus et de libérer les obligations survivantes réciproques. Windtree a déclaré qu'il se recentrerait sur d'autres opportunités dans le cadre de sa stratégie visant à devenir une entreprise génératrice de revenus.
Windtree Therapeutics (OTCID: WINT) gab am 13. November 2025 bekannt, dass es eine Absichtserklärung mit TESI (OTC: TESI) unterzeichnet hat und gemäß einer kürzlich ausgeführten Kündigungsvereinbarung $7.5 Millionen in bar sowie TESI-Wertpapiere erhalten wird.
Die Unternehmen hatten eine potenzielle Übernahme von Titan Environmental Services, einem Abfallentsorgungsunternehmen in Michigan, angestrebt, einigten sich jedoch einvernehmlich darauf, diesen Prozess zu beenden und gegenseitige verbleibende Verpflichtungen zu lösen. Windtree erklärte, dass es sich im Rahmen seiner Strategie, ein umsatzgenerierendes Unternehmen zu werden, auf andere Möglichkeiten neu ausrichten werde.
Windtree Therapeutics (OTCID: WINT) أعلنت في 13 نوفمبر 2025 أنها وقعت خطاب نوايا مع TESI (OTC: TESI) وستتلقى $7.5 مليون نقداً وأسهم TESI بموجب اتفاق termination تم توقيعه مؤخراً.
كان الشركاء يلاحقون عملية استحواذ محتملة على Titan Environmental Services، وهي شركة إدارة نفايات في ميشيغان، لكن تم الاتفاق بشكل متبادل على إنهاء تلك العملية وإطلاق الالتزامات المستمرة المتبادلة. قالت Windtree إنها ستعيد توجيه تركيزها نحو فرص أخرى كجزء من استراتيجيتها لتصبح شركة مولّدة للإيرادات.
- $7.5 million consideration payable to Windtree
- Termination agreement releases reciprocal surviving obligations
- Planned acquisition of Titan Environmental Services was not completed
- Portion of consideration issued as TESI securities rather than all cash
Windtree and TESI signed a letter of intent for a combination of cash and securities of TESI to be paid to Windtree
The companies were engaged in a potential environmental services deal for Windtree to acquire Titan Environmental Services, Inc.
The executed agreement releases the parties from their reciprocal surviving obligations
WARRINGTON, Pa., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Windtree Therapeutics, Inc. (“Windtree” or “the Company”) (OTCID: WINT), a diversified company with several divisions and focused on becoming a revenue generating company, announced that it has signed a letter of intent with TESI (OTC: TESI), an environmental services company, and Windtree will receive
The companies were engaged on a potential acquisition of Titan Environmental Services, Inc., a waste management business with operations in Michigan. The companies mutually agreed to go their separate ways.
“Windtree is pleased to have signed this agreement, and we will focus our attention on other opportunities we have targeted as part of our corporate strategy to become a revenue generating company. We already have several companies where we are very close to LOI’s and we look forward to sharing more information on our progress in the very near future,” said Jed Latkin, Chief Executive Officer of Windtree.
See our public filings at www.windtreetx.com.
About Windtree Therapeutics, Inc.
Windtree Therapeutics, Inc. is a diversified company with several divisions and focused on becoming a revenue generating company with future profitability.
Forward Looking Statements
The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are based on information available to the Company as of the date of this press release and are subject to numerous important factors, risks, and uncertainties that may cause actual events or results to differ materially from the Company’s current expectations. Examples of such risks and uncertainties include, among other things: risks related to the Company’s ability to begin its environmental services business, and manage costs and execute on its operational and budget plans. These and other risks are described in the Company’s periodic reports, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov. Any forward-looking statements that the Company makes in this press release speak only as of the date of this press release. The Company assumes no obligation to update forward-looking statements whether as a result of new information, future events, or otherwise, after the date of this press release.
Contact Information:
Eric Curtis
ecurtis@windtreetx.com
FAQ
What did Windtree (WINT) announce on November 13, 2025?
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