H-CYTE, Inc. (OTCQB: HCYT) entered into a letter of intent to acquire SkinDisc from Tanya Rhodes, Brock Liden, Spencer T Brown and Spencer T Brown for $2.3 million.

H-CYTE, Inc. (OTCQB: HCYT) entered into a letter of intent to acquire SkinDisc from Tanya Rhodes, Brock Liden, Spencer T Brown and Spencer T Brown for $2.3 million on September 19, 2022. H-CYTE, Inc. (OTCQB: HCYT) entered into a definitive agreement to acquire SkinDisc from Tanya Rhodes and others on December 22, 2022. H-CYTE, Inc. will pay an aggregate of 123,153 shares and earn out payment of $1.615 million.

Both parties board approved the transaction. The transaction is expected to close within the next 30 days. Arthur Marcus of Sichenzia Ross Ference acted as legal advisor to H-CYTE.