Australia's Advanced Human Imaging slides on deal to acquire Canada's Wellteq Digital

Advanced Health Intelligence

02/09/2022 02:26

** Shares of Advanced Human Imaging Ltd  AHI.AX  slump as
much as 38.8% to A$0.150 - tracks worst session since March 29,
if losses hold 
    ** The scanning technology maker says it entered into a deal
with digital corporate wellness solutions provider Wellteq
Digital Health   WTEQ.CD  for an all-share acquisition of
Wellteq  urn:newsml:reuters.com:*:nASX7tM9zV
    ** Says under deal, Wellteq shareholders will receive one
ordinary share of AHI for every six Wellteq common shares
    ** Adds that AHI will issue a total for about 17.8 mln
shares as total consideration for 100% of Wellteq's share 
    ** More than 473,000 shares change hands, compared with the
30-day average volume of about 371,000 shares
    ** Stock has fallen 72.9% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))