Brief: Advanced Human Imaging Says Advanced Human Imaging To Acquire Wellteq Digital Health

Advanced Health Intelligence

02/09/2022 02:29

Sept 2 (Reuters) - Advanced Human Imaging  AHI.AX :
    * ADVANCED HUMAN IMAGING LTD TO ACQUIRE WELLTEQ DIGITAL
HEALTH
INC.
    * ENTERED INTO A DEFINITIVE ARRANGEMENT AGREEMENT WITH
WELLTEQ
DIGITAL HEALTH INC.
    * AHI WILL ACQUIRE ALL OF OUTSTANDING SHARES OF WELLTEQ IN
AN
ALL-SHARE ACQUISITION
    * WELLTEQ SHAREHOLDERS WILL RECEIVE ONE ORDINARY SHARE OF
AHI FOR
EVERY 6 WELLTEQ COMMON SHARES
    * AHI WILL ISSUE A TOTAL OF APPROXIMATELY 17.8 MILLION AHI
SHARES
IN TOTAL CONSIDERATION FOR 100% OF WELLTEQ'S SHARES
    * AHI WILL ISSUE A TOTAL OF APPROXIMATELY 17.8 MILLION AHI
SHARES
IN TOTAL CONSIDERATION FOR 100% OF WELLTEQ'S SHARES
    * AHI HAS AGREED TO ADVANCE TO WELLTEQ UP TO A$1.2 MILLION

Source text for Eikon:  ID:nASX2G0nX8 
Further company coverage:  AHI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))