Brief: Aptorum Group To Merge With Business AI Platform YOOV Group

Aptorum

06/03/2024 13:26

March 6 (Reuters) - Aptorum Group Ltd  APM.O :
    * APTORUM GROUP LTD ANNOUNCES ENTERING INTO AN AGREEMENT AND
PLAN
OF MERGER WITH YOOV GROUP HOLDING LTD AND A SPLIT-OFF AGREEMENT
TO SEPARATE ITS LEGACY BUSINESS
    * APTORUM: EXISTING CO SHAREHOLDERS & EXISTING YOOV
SHAREHOLDERS
EXPECT TO OWN ABOUT 10% & 90%, RESPECTIVELY, OF OUTSTANDING
SHARES OF COMBINED CO
    * APTORUM GROUP LTD: PURSUANT TO SPLIT-OFF AGREEMENT,
APTORUM WILL
ASSIGN AND TRANSFER ASSETS AND LIABILITIES OF ITS LEGACY
BUSINESS TO ATL
    * APTORUM GROUP LTD: APTORUM WILL ASSIGN AND TRANSFER ASSETS
AND
LIABILITIES OF ITS LEGACY BUSINESS TO ATL
    * APTORUM: JURCHEN TO ACQUIRE 100% ISSUED, OUTSTANDING
SHARES OF
ATL FROM APTORUM & SURRENDER SOME ORDINARY SHARES OF CO HELD BY
JURCHEN TO APTORUM

Source text for Eikon:  ID:nBw5dl8vza 
Further company coverage:  APM.O 

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