Therma Bright (TSXV:THRM; QTCQB:TBRIF) announced plans to spin off its consumer product portfolio into a separate publicly traded company during the first half of 2025. The spin-off transaction will be subject to shareholder approval.
The two entities will maintain a strong relationship while strengthening their strategic and operational focus, seizing growth opportunities, and maximizing shareholder value.
“Our management and board have determined that the spin-off of our consumer products will generate greater focus for each business’s success, while enhancing shareholder value,” said Rob Fia, chairman and CEO of Therma Bright.
“We have great confidence that now is the ideal time for this spin-off given the current market conditions, and the expected growth of the consumer medical device industry, particularly in the North America,” Mr. Fia added.
