- Byrna Technologies Inc BYRN has acquired the assets of Ballistipax, a developer of single-handed, rapidly deployable bulletproof backpacks, for undisclosed financial terms.
- Byrna acquired several Ballistipax trademarks, two patents, finished goods, raw materials inventory, and other assets.
- Byrna funded the acquisition with cash on hand. It held cash of $5.3 million as of May 31, 2021.
- Byrna plans to offer the protective backpacks under the "Byrna Shield" product name in three configurations with an MSRP ranging from $339 to $899.
- Price Action: BYRN shares traded higher by 0.95% at $24.35 on the last check Thursday.
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