Brief: Allegra Orthopaedics Says Binding Deal Executed For Sale Of All Assets Of Orthopaedics Unit

Allegra Medical Technologies

02/05/2023 10:17

May 2 (Reuters) - Allegra Orthopaedics Ltd  AMT.AX :
    * BINDING AGREEMENT EXECUTED FOR SALE OF ALL BUSINESS
ASSETS, BOTH
TANGIBLE AND INTANGIBLE, OF ALLEGRA'S ORTHOPAEDICS DIVISION
    * DEAL FOR A$1 MILLION CASH, PLUS COST VALUE OF INVENTORY AT
COMPLETION IN EXCESS OF A$3.3 MILLION
    * WILL BENEFIT FROM UNDERWRITING COMMITMENT FOR AMOUNT OF
NOT LESS
THAN A$1.2 MILLION FOR ANY FUTURE CAPITAL RAISE
    * EXPECTED ORTHOPAEDICS DIVISION WILL INCUR TRADING LOSSES
FOR
FY2023

Source text for Eikon:  ID:nASX6pTQ73 
Further company coverage:  AMT.AX 

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