ABSCI CORPORATION (ABSI) 8-K Summary
Date of Event: October 31, 2025
ABSCI executed a Material Definitive Agreement (Letter Agreement) amending the prior 2021 Merger Agreement related to the acquisition of Totient, Inc.
- Milestone Consideration Settlement: The agreement finalizes the distribution of remaining Milestone Consideration.
- Former Totient stockholders receive $7.6 million.
- ABSCI receives $8.7 million.
...This action settles all potential future milestone payments under the original merger terms, providing definitive financial closure to tha