PharmChem, Inc.(“PharmChem” or the “Company”) (OTC: PCHM) the leading provider of sweat patches to detect drugs of abuse, announces that the Company has entered into a definitive agreement to be acquired by Alcohol Monitoring Systems, Inc. Under the terms of the agreement, PharmChem shareholders will receive $3.75 per share in cash. The $3.75 per share price is a 22% premium to the $3.07 per share closing price on January 31, 2025, just prior to the Company’s announcement that it was exploring strategic alternatives.
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Source: https://www.prnewswire.com/news-releases/pharmchem-inc-announces-acquisition-by-alcohol-monitoring-systems-inc-302509494.html