Majesco Entertainment, Inc. (NASDAQ: COOL) is trading higher after announcing its merger agreement with PolarityTE, Inc., a new regenerative medicine company focused on developing the first forms of functionally polarized autologous tissues for use in medical procedures requiring reconstructive applications by surgeons and wound care specialists. Per the agreement, PolarityTE will become a wholly owned subsidiary of Majesco and the company will be headquartered in Salt Lake City, Utah, where its biomedical R&D facilities and tissue manufacturing center is being established. Majesco has named Dr. Denver Lough as the CEO and chairman of the board of Majesco, which will be renamed PolarityTE, Inc.
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About Majesco Entertainment Company
Majesco Entertainment Company is an innovative developer, marketer, publisher and distributor of interactive entertainment for consumers around the world. Building on more than 25 years of operating history, Majesco develops and publishes a wide range of video games on digital networks through its Midnight City label. Majesco is headquartered in Plainfield, New Jersey, and its common stock is traded on The NASDAQ Capital Market under the symbol: COOL. More info can be found online at www.majescoent.com
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