TOMI and Carbonium have mutually terminated their Merger Agreement, prioritizing strategic interests and shareholder value.
Quiver AI Summary
TOMI Environmental Solutions, Inc. and Carbonium Core, Inc. have mutually decided to terminate their Merger Agreement, which was initially established on June 28, 2026, with TOMI's Board of Directors approving the decision on September 20, 2026. The companies determined that moving forward with the merger was not in the best interest of their stakeholders. As a result, each party will bear its own expenses related to the transaction. TOMI's CEO, Dr. Halden Shane, stated that the company is in a strong position, citing significant growth in recurring revenue from their SteraMist solution and a robust operational pipeline, emphasizing that the decision allows them to focus on improving their business results and strategic partnerships.
Potential Positives
- The termination of the merger allows TOMI to maintain a clean capital structure and focus on its core business and operational improvements.
- CEO Dr. Halden Shane highlighted that TOMI is currently experiencing strong performance with high-margin, recurring revenue growth attributed to the global adoption of its SteraMist solution.
- The company has a healthy backlog, which is expected to contribute positively to its operating results and financial performance in 2026.
- TOMI continues to seek strategic partnerships, indicating a proactive approach to expanding market reach and sales opportunities.
Potential Negatives
- The termination of the Merger Agreement with Carbonium may indicate a lack of strategic alignment or confidence in future growth opportunities for TOMI, potentially raising concerns among investors about the company's strategic direction.
- By walking away from the merger, TOMI may miss out on potential synergies or market advantages that could have resulted from the collaboration, which could impact its competitive position in the industry.
- The statement emphasizes the company's reliance on its SteraMist solution for growth, which raises questions about diversification if this product faces market challenges in the future.
FAQ
Why was the Merger Agreement between TOMI and Carbonium terminated?
The agreement was terminated because both parties determined it was not in their strategic or financial interests.
When did TOMI's Board approve the termination of the merger?
The Board approved the termination on September 20, 2026.
What are TOMI's current business prospects following the merger's termination?
TOMI is focusing on driving improvements in operating results and has a strong backlog, expecting a solid 2026.
What is TOMI Environmental Solutions known for?
TOMI is recognized for its SteraMist solution, a leader in disinfection and bio-decontamination technologies.
What is Binary Ionization Technology® (BIT®)?
BIT® is TOMI's patented technology that produces ionized hydrogen peroxide for effective environmental disinfection.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TOMZ Revenue
$TOMZ had revenues of $2.2M in Q2 2026. This is an increase of 117.91% from the same period in the prior year.
You can track TOMZ financials on Quiver Quantitative's TOMZ stock page.
You can access data on TOMZ stock through the Quiver Quantitative API.
$TOMZ Hedge Fund Activity
We have seen 7 institutional investors add shares of $TOMZ stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC removed 86,238 shares (-67.3%) from their portfolio in Q2 2026, for an estimated $71,008
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 66,827 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $36,962
- STATE STREET CORP removed 34,806 shares (-66.7%) from their portfolio in Q2 2026, for an estimated $28,659
- RENAISSANCE TECHNOLOGIES LLC removed 22,700 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,555
- DRW SECURITIES, LLC removed 16,558 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $9,158
- CHOREO, LLC removed 13,231 shares (-69.5%) from their portfolio in Q2 2026, for an estimated $10,894
- TWO SIGMA SECURITIES, LLC added 12,898 shares (+inf%) to their portfolio in Q2 2026, for an estimated $10,620
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
FREDERICK, Md., Sept. 21, 2026 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc. ® (“TOMI”) (NASDAQ: TOMZ), a global leader in disinfection and decontamination solutions, and Carbonium Core, Inc. (“Carbonium”), today announced that they have mutually agreed to terminate their previously announced definitive Merger Agreement, orginally dated June 28, 2026.
The decision to terminate the agreement was approved by TOMI’s Board of Directors on September 20, 2026. Both parties concluded that proceeding with the business combination is no longer in the best strategic or financial interest of their respective stakeholders.
Pursuant to the Merger Agreement, each party is responsible for its own fees and expenses incurred in connection with the Merger Agreement and the transactions contemplated thereby.
Dr. Halden Shane, CEO of TOMI Environmental Solutions commented, “TOMI has never been in a stronger position. Driven by the global adoption of our SteraMist solution, our business is delivering exceptional high-margin, recurring revenue growth and a healthy pipeline. Walking away cleanly from this transaction is in the best interest of our shareholders as we can now put refreshed focus on driving continued improvement in our operating results while protecting our clean capital structure. With our healthy backlog, the back half of the year should contribute to a strong 2026 for shareholders. In addition, we continue to pursue strategic partnerships with major players in our industry to expand market reach and sales opportunities.”
About TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®
TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ) is a global decontamination and infection prevention company providing environmental disinfection and bio-decontamination solutions through manufacturing, sales, and licensing of its Binary Ionization Technology® (BIT®) platform. Developed under a defense grant with DARPA, BIT® utilizes low-percentage hydrogen peroxide to produce ionized hydrogen peroxide (iHP®) fog. SteraMist® products serve hospitals, laboratories, government and military installations, cruise ships, office buildings, schools, restaurants, food processing facilities, and residences, delivering protection against a broad range of bacteria, viruses, mold, mycotoxins, and biological and chemical warfare agents. For additional information, please visit https://www.steramist.com or contact us at [email protected] .
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward looking statements include expectations regarding operating results and backlogs. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to acquire new customers and expands sales; our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.
INVESTOR RELATIONS CONTACT:
John Nesbett/Zach Nevas
IMS Investor Relations
