Costas, Inc. (OTCPK:CSSI) executed a definitive agreement to acquire Assets from Prime Dental Lab, LLC for $0.7 million on August 15, 2022. Total consideration of $700,000 will be paid to the shareholders of Prime Dental in a combination of cash and registered shares for the assets, which includes all equipment, the client base, and associated revenue. Shares will be escrowed over two years, paid in quarterly installments.

Although both parties have executed the agreement, it will not be ratified until the submission of a Form S-1 Registration with the Securities and Exchange Commission and receipt of notice of effect. The acquisition of Prime Dental is the latest in a series of dental labs the Company plans to acquire in the coming years.