(RTTNews) - Graham Corp. (GHM) said that it has acquired P3 Technologies, LLC, a custom turbomachinery engineering, product development and manufacturing business for the space, new energy and medical markets.
A stock and cash transaction, P3 was acquired from its sole owner who, along with P3's leadership team, will remain with the Company, Graham said in a statement.
Graham noted that the acquisition price has not been disclosed at this time. However, the stock element of the purchase price is valued at $2 million and the number of shares of Company's common stock issued as part thereof was determined using a stock price of $15.92, which represents the average closing price for the company's common stock for the 10 trading days ending on November 3, 2023.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
