AeroClean Soars On Merger Agreement With Molekule
Firms say deal allows economy of scale to grow revenue and address new markets AeroClean To Merge With AeroCleanAir purification firm AeroClean Technologies Inc (NASDAQ:AERC) said that it agreed to merge with private San Francisco firm Molekule Inc on Monday after the market closed. AeroClean shares closed up eleven percent Monday before the news arrived, and the release lifted the shares 41% in after hours. Molekule, founded in 2014, is an air purification company that uses proprietary Photo Electrochemical Oxidation (PECO) technology. Q2 2022 hedge fund letters, conferences and more Find A Q...