electroCore Enters Definitive Deal To Acquire NeuroMetrix, Including Its Quell Platform

The transaction has been unanimously approved by the boards of directors of both companies and is expected to close around the end of the first quarter of 2025.

ECOR will purchase all of the outstanding shares of NURO for the equivalent of NURO's balance of net cash at the closing of the transaction, after deduction of certain management compensation payments and other severance costs, transaction expenses and other accrued liabilities. 

The merger consideration is expected to be paid with cash on hand of the combined company after the consummation of the acquisition. The transaction is not expected to be materially dilutive to ECOR cash or equity at close.