10:53 AM EST, 02/14/2025 (MT Newswires) -- NanoVibronix ( NAOV ) said Friday it completed its acquisition of privately-held ENvue Medical Holdings in a stock-for-stock transaction.

Under the deal, all of ENvue's outstanding equity interests were exchanged based on a fixed exchange ratio for consideration as a combination of about 1.7 million NanoVibronix ( NAOV ) common shares and 57,720 shares of series X non-voting convertible preferred stock, NanoVibronix ( NAOV ) said.

The company said that after the completion of the deal, a successor-in-interest of ENvue will be a wholly-owned unit of NanoVibronix ( NAOV ).

The company also said concurrently with the deal's closing, it sold a $500,000 senior convertible debenture in a private placement.

NanoVibronix ( NAOV ) shares were up nearly 2% in recent trading.

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