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In Brief: Intelligent Surgical Lasers

This article was originally published in The Gray Sheet

Executive Summary

Intelligent Surgical Lasers: San Diego-based ophthalmic laser company acquires "substantially all of the assets and certain of the liabilities" of Skillman, New Jersey-based Escalon Ophthalmics. On Jan. 30, shareholders of development-stage ISL approved the "acquisition and issuance" of 4.72 mil. new shares of ISL common stock to Escalon. ISL will change its name to Escalon Medical Corp. and will have 10.49 mil. shares of common stock outstanding, 55% of which will be owned by existing ISL shareholders...
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