Brief: Anteris Technologies Says Co Has Received A Confidential, Non-Binding Proposal To Negotiate A Letter Of Intent

Anteris Technologies

08/02/2022 07:49

Feb 8 (Reuters) - Anteris Technologies:
    * CO HAS RECEIVED A CONFIDENTIAL, NON-BINDING PROPOSAL TO
NEGOTIATE A LETTER OF INTENT
    * BOARD IS CONSIDERING PROPOSAL
    * LETTER SETS OUT PROPOSAL TO MERGE WITH NASDAQ-LISTED
MEDICUS
SCIENCES ACQUISITION CORP
    * PROPOSAL CONTEMPLATES AN ISSUANCE OF NEW EQUITY BY MSAC IN
EXCHANGE FOR CURRENT SHARES IN CO
    * ISSUANCE OF NEW EQUITY AT EQUIVALENT VALUE & STIPULATES
THAT
POST-TRANSACTION MERGED ENTITY TO HAVE A MINIMUM OF $US50M IN
CASH
    * PROPOSAL STIPULATES THAT POST-TRANSACTION MERGED ENTITY
WOULD
HAVE MINIMUM OF $US50M IN CASH,PLUS EXISTING FUNDS HELD BY CO
    * THERE IS NO CERTAINTY THAT CO WILL PROCEED WITH PROPOSAL &
PROPOSAL WILL RESULT IN ANY TRANSACTION OCCURRING

Source text for Eikon:  ID:nASXb41V77 
Further company coverage:  AVR.AX 

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