TOMI Environmental Solutions Terminates Merger Agreement with Carbonium Core
TOMI Environmental Solutions (NASDAQ: TOMZ) has announced that it has mutually agreed to terminate the previously announced merger agreement with Carbonium Core. The original merger deal was dated June 28, 2026 and had been approved for termination by TOMI’s board on September 20, 2026. The decision comes after both parties decided not to proceed further with the transaction. As per the terms of the agreement, each company will be responsible for its own fees and expenses related to the merger discussions. The news has led to a rise in TOMI’s share price as investors react positively to the termination.
Topics: corporate_development M&A