Restor3D, Inc. entered into a definitive merger agreement to acquire Conformis, Inc. (NasdaqCM:CFMS) from shareholders for $17.9 million on June 22, 2023. Restor3D will acquire all outstanding shares of common stock of Conformis at $2.27 per share in cash, which represents an approximate 96 percent premium to the closing price of Conformis stock on June 22, 2023. In case of termination of the deal, Conformis will be required to pay restor3d a termination fee of $900,000.

Conformis' Board of Directors, having determined that the transaction is in the best interests of the company's stockholders, has unanimously approved the transaction. The closing of this transaction is expected by the end of Q3 2023 and is subject to approval by Conformis’ stockholders and other customary closing conditions. UBS Investment Bank is serving as financial advisor and fairness opinion provider to Conformis, and Brian C. O’Fahey of Hogan Lovells US LLP is serving as its legal counsel.

William J. Zawrotny of Jones Day is serving as legal counsel to restor3d. O'Melveny & Myers LLP represented UBS Securities as sell side advisor to Conformis.