Brief: Aptorum Group Enters Into Letter Of Intent And Term Sheet To Acquire U Group

Aptorum

27/03/2023 15:23

March 27 (Reuters) - Aptorum Group Ltd  APM.O :
    * APTORUM GROUP ENTERS INTO LETTER OF INTENT AND TERM SHEET
TO
ACQUIRE U GROUP
    * APTORUM GROUP LTD - PURSUANT TO TERM SHEET, TRANSACTION
WILL
RESULT IN A REVERSE TAKEOVER OF COMPANY
    * APTORUM GROUP LTD - POST CLOSE, FORMER EQUITY HOLDERS OF
CO MAY
OWN 15% OF ISSUED AND OUTSTANDING SHARES OF POST-ACQUISITION
COMPANY
    * APTORUM GROUP-POST CLOSE, FORMER EQUITY HOLDERS OF CO MAY
OWN
ISSUED & OUTSTANDING SHARES OF POST-DEAL CO BASED ON PRE-DEAL
VALUATION OF CO AT $40 MILLION

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