Valsoft Corporation Inc. acquired Dog Breath Software, Inc. from Sonendo, Inc. for approximately $16 million.
March 04, 2024
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Valsoft Corporation Inc. acquired Dog Breath Software, Inc. from Sonendo, Inc. (OTCPK:SONX) for approximately $16 million on March 1, 2024. Adam Kohn, Harrison Callaway of Stifel, Nicolaus & Company, Incorporated acted as financial advisor to Sonendo. Reed Smith LLP acted as legal advisor to Sonendo.
Valsoft Corporation Inc. completed the acquisition of Dog Breath Software, Inc. from Sonendo, Inc. (OTCPK:SONX) on March 1, 2024.
Sonendo, Inc. is a commercial-stage medical technology company focused on saving teeth from tooth decay. The Company develops and manufactures the GentleWave System, a technology platform designed to treat tooth decay by cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. The system utilizes a mechanism of action, which combines procedure fluid optimization, broad-spectrum acoustic energy, and advanced fluid dynamics, to debride and disinfect deep regions of the complex root canal system in a less invasive procedure that preserves tooth structure. Its Product segment includes the sales of the GentleWave System console and related accessories and instruments. The Company also offers ancillary products, such as SoundSeal and its Sonendo-branded liquid solution of ethylenediaminetetraacetic acid (EDTA). SoundSeal is a material used during the GentleWave Procedure to build and create a sealing platform on the top of the crown.