Invo Bioscience Inc (INVO)

Invo Bioscience Inc Stock (INVO) dropped by 30.19% from $2.12 to $1.48 in the trading on Tuesday October 24, 2023. The reason why INVO stock down today is due to the news of acquisition. Invo Bioscience announced it will acquire NAYA Biosciences in an all-stock transaction. NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences at closing, for a total of approximately 18,150,000 shares of INVO. The combined company is expected to operate under the name "NAYA Biosciences" upon the completion of the merger.