Shrink Nanotechnologies Acquires Nanopoint

Carlsbad, CA-based Shrink Nanotechnologies, a public company that trades over the counter under the ticker symbol INKN, says it plans to acquire Honolulu, HI-based Nanopoint in an all-stock deal. Based on today’s price of Shrink Nano at 10 cents a share, the deal could eventually be worth close to $6.6 million if Nanopoint meets certain milestones through 2013. Nanopoint is a biomedical instrumentation and microfluidics company.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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