Pressure BioSciences, Inc. announced the execution of a definitive agreement to acquire Uncle Bud's. The combined company intends to become a provider of topicals and other consumer products, leveraging PBIO's UltraShear technology platform for nanoemulsified products.
Uncle Bud's stockholders will be entitled to receive preferred stock of PBIO that is convertible into shares of PBIO common stock and no cash at the closing. Also, the companies agreed to an earnout for additional shares of PBIO common stock based on the achievement of results in 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.