Amass Brands to acquire majority stake in HpO sparkling protein water brand
AMASS Brands Inc
AMASS Brands Inc AMSS | 0.00 |
- Amass Brands Group agreed to buy a majority stake in HpO Sparkling Protein Water, lifting its fully diluted ownership to about 50.0001%.
- Consideration will be paid in Amass common stock, priced at the trailing 21-day volume-weighted average price at closing.
- Amass currently owns about 15% of HpO; the deal adds a functional hydration brand positioned around zero-sugar, plant-based protein sparkling water.
- Amass also secured a three-year option to buy the remaining HpO interest at a price equal to 2x revenue.
- Closing is subject to definitive agreements and customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amass Brands published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606291000PRIMZONEFULLFEED9753830) on June 29, 2026, and is solely responsible for the information contained therein.
