Annual report pursuant to Section 13 and 15(d)

ASSET ACQUISITION (Tables)

v3.23.1
ASSET ACQUISITION (Tables)
12 Months Ended
Dec. 31, 2022
ASSET ACQUISITION  
Schedule of aggregate consideration transferred for the assets acquired

    

Aggregate 

Consideration 

($’s in thousands)

Transferred

Consideration transferred to Vyne at closing

$

20,000

Fair Value of deferred cash payment due January 2023

 

4,740

Transaction costs

 

223

Total consideration transferred at closing

$

24,963

Schedule of fair value of assets acquired

    

Assets 

($’s in thousands)

Recognized

Inventory

$

6,041

Identifiable Intangibles:

 

  

Amzeeq Intangible

 

15,162

Zilxi Intangible

 

3,760

Fair value of net identifiable assets acquired

$

24,963