SafeStitch Medical, Inc. Issues Shares in TransEnterix Merger

Published: Sep 18, 2013

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SafeStitch Medical issues $160 million worth of shares to TransEnterix shareholders as part of the 2 companies' merger. SafeStitch Medical (OTC:SFES) issued $160.4 million worth of stock as part of its merger with TransEnterix. SafeStitch and TransEnterix inked their merger deal last month, saying SafeStitch would move from Miami to Research Triangle, N.C., but keep its name, stock symbol and place on the OTC exchange.

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