11:20 AM EDT, 06/10/2025 (MT Newswires) -- Windtree Therapeutics ( WINT ) said Tuesday it signed a binding deal to acquire Titan Environmental Services, a waste management firm based in Michigan.

The company said it will fund the deal through a mix of preferred stock issuance and debt financing, which also covers working capital needs.

After the acquisition, Titan will be renamed Windtree Environmental Services and will operate as a unit.

Titan's existing management team will stay on to provide industry expertise.

The transaction is expected to close in Q3. If the deal is not completed, Windtree will receive an $8 million breakup fee, according to the company.

Shares of Windtree Therapeutics ( WINT ) were up nearly 46% in recent trading.

Price: 0.81, Change: +0.26, Percent Change: +45.77