Solve Advisors, Inc. acquired Lumesis, Inc. from Safeguard Scientifics, Inc. (NYSE:SFE) on September 29, 2022. Safeguard received $5.3 million of initial cash proceeds. Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies. Lumesis co-founders Gregg Bienstock and Tim Stevens and Lumesis' employees will join the SOLVE team.

Solve Advisors, Inc. completed the acquisition of Lumesis, Inc. from Safeguard Scientifics, Inc. (NYSE:SFE) on September 29, 2022. Stephen W. Ranere of Latham & Watkins LLP acted as legal advisor to Lumesis.