Quanterix Corp Reports Asset Disposition
Ticker: QTRX · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1503274
| Field | Detail |
|---|---|
| Company | Quanterix Corp (QTRX) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $10 m, $10 million, $50 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-disposition, corporate-action
TL;DR
Quanterix just sold some assets. Details TBD.
AI Summary
On January 8, 2025, Quanterix Corporation filed an 8-K to report the completion of an acquisition. The filing indicates that the company has completed a disposition of assets, though specific details regarding the nature of the assets, the counterparty, or any financial figures involved in the transaction were not disclosed in the provided excerpt.
Why It Matters
This filing signals a change in Quanterix's asset base, which could impact its operational capacity and future strategic direction.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of an asset disposition without immediate financial implications or significant strategic shifts mentioned.
Key Players & Entities
- Quanterix Corporation (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-38319 (identifier) — SEC File Number
- 20-8957988 (identifier) — IRS Employer Identification No.
- 900 Middlesex Turnpike (address) — Principal executive offices
- Billerica, MA (location) — Principal executive offices
- 01821 (zip_code) — Principal executive offices
- 617-301-9400 (phone_number) — Registrant's telephone number
FAQ
What specific assets did Quanterix Corporation dispose of?
The provided excerpt does not specify the nature of the assets that were disposed of.
When did the disposition of assets by Quanterix Corporation occur?
The earliest event reported in the filing, which includes the disposition of assets, occurred on January 8, 2025.
Was this asset disposition part of an acquisition or a standalone sale?
The filing is categorized under 'Completion of Acquisition or Disposition of Assets', indicating it involves a disposition, but the context of an acquisition is not explicitly detailed for this specific event.
What is Quanterix Corporation's principal executive office address?
Quanterix Corporation's principal executive offices are located at 900 Middlesex Turnpike, Billerica, MA 01821.
What is the SEC file number for Quanterix Corporation?
The SEC file number for Quanterix Corporation is 001-38319.
Filing Stats: 691 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2025-01-08 16:20:34
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share QTRX The Nasdaq Glo
- $10 m — k of Emission for an upfront payment of $10 million, with an additional $10 million p
- $10 million — ment of $10 million, with an additional $10 million payable upon completion of certain tech
- $50 million — holders may receive up to an additional $50 million in earnout payments through December 31
Filing Documents
- qtrx-20250108.htm (8-K) — 26KB
- 0001503274-25-000001.txt ( ) — 146KB
- qtrx-20250108.xsd (EX-101.SCH) — 2KB
- qtrx-20250108_lab.xml (EX-101.LAB) — 21KB
- qtrx-20250108_pre.xml (EX-101.PRE) — 12KB
- qtrx-20250108_htm.xml (XML) — 3KB
01 Completion of Acquisition or Disposal of Assets
Item 2.01 Completion of Acquisition or Disposal of Assets On January 8, 2025, Quanterix Corporation (the "Company") completed the acquisition of Emission Inc. ("Emission") pursuant to the Share Purchase Agreement (the "Purchase Agreement"), dated as of December 16, 2024, by and among the Company, Emission, the shareholders of Emission (collectively, the "Shareholders"), and Van Chandler, as the Shareholders' representative. Pursuant to the terms of the Purchase Agreement, the Company purchased from the Shareholders all of the issued and outstanding shares of capital stock of Emission for an upfront payment of $10 million, with an additional $10 million payable upon completion of certain technical milestones. Additionally, the Shareholders may receive up to an additional $50 million in earnout payments through December 31, 2029, contingent upon the achievement of certain performance milestones, which the Company expects will be primarily funded through cash generated from the achievement of the earnout criteria. The foregoing description of the Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Purchase Agreement, a copy of which was previously filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 17, 2024 (File No. 001-38319) and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Business Acquired. No financial statements are required in connection with the transaction described under Item 2.01. (b) Pro Forma Financial Information. No pro forma financial information is required in connection with the transaction described under item 2.01. (d) Exhibits Exhibit No. Description 2.1@ Share Purchase Agreement, dated December 16, 2024, by and among Quanterix Corporation, the Shareholders of Emission Inc. and the Shareholder Representative (incorporated by reference to Exhibit 2.1 of the Company's Current Report on Form 8-K filed with the SEC on December 17, 2024 (File No. 001-38319)) 104 Cover Page Interactive Data File (embedded within the inline XBRL document) @ Portions of this document (indicated by "[***]") have been omitted because such information is not material and is the type of information that the Registrant treats as private or confidential.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. QUANTERIX CORPORATION By: /s/ Vandana Sriram Vandana Sriram Chief Financial Officer Date: January 8, 2025