DarioHealth (NASDAQ:DRIO) experienced a 38.7% surge in early trading in New York on Thursday after the digital health company announced it is exploring strategic options following multiple unsolicited expressions of interest.
The company has established a special board committee to assess potential opportunities and has retained Perella Weinberg as its financial adviser to guide the process.
DarioHealth is evaluating a full spectrum of possibilities, including a sale, merger, strategic business combination, or the continuation of its standalone strategy.
The company has not set a specific timeline for the completion of this strategic review.
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