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Stock Market & Financial Investment News

News Breaks
July 23, 2014
07:31 EDTBONEBacterin announces 1 for 10 reverse split of common stock
Bacterin announced that a 1:10 reverse split of its common stock will be effective at the close of business on Friday, July 25 and in effect for trading purposes on Monday, July 28. The reverse stock split was approved by the company's shareholders at the 2014 Annual Shareholder's Meeting held June 11.
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July 27, 2015
19:03 EDTBONEBacterin to acquire X-spine Systems, change name of new company to Xtant Medical
Bacterin announced that it intends to purchase the outstanding shares of privately held X-spine Systems in exchange for approximately 4.24M shares of Bacterin common stock and approximately $60M in cash, subject to customary working capital adjustments, and including the extinguishment of approximately $13M of X-spine debt. The transaction will position the combined company as a comprehensive supplier for spine surgery procedures that offers both hardware and biologics through a more substantial national distribution footprint. Concurrent with the closing, Bacterin International Holdings, Inc. will change its name to Xtant Medical Holdings, Inc. Dr. David Kirschman, currently X-spine CEO, will join the management team and serve as EVP and Chief Scientific Officer of Xtant Medical Holdings, Inc. He will also be president of X-spine Systems, the hardware subsidiary. Dr. Kirschman will also be appointed to the Xtant Medical Holdings, Inc. board.

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