Polarity NV has never had employees and therefore no employees will be acquired in the transaction.”The company paid a substantial amount for the patent application. According to the company’s filings, the company paid to Dr. Lough preferred shares “convertible into an aggregate of 7,050,000 shares of the Company’s common stock with a fair value of approximately $104.7 million.” Note that those same shares would represent about $200 million if sold at today’s prices.PolarityTE is a Share Dilution Machine PolarityTE aims to revolutionize the skin regeneration market by developing and commercializing its intellectual property.
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