Brief: Electro-Sensors And Mobile X Global Terminate Merger Agreement

Electro-Sensors

30/01/2023 14:17

Jan 30 (Reuters) - Electro-Sensors Inc  ELSE.O :
    * ELECTRO-SENSORS AND MOBILE X GLOBAL, INC. AGREE TO
TERMINATE
MERGER AGREEMENT
    * ELECTRO-SENSORS INC- CO, MOBILE X GLOBAL, INC. ANNOUNCED
HAVE
TERMINATED DEFINITIVE MERGER AGREEMENT PARTIES ENTERED INTO ON
JUNE 10, 2022
    * ELECTRO-SENSORS - FINANCING NEEDED TO COMPLETE MERGER WAS
PURSUED BUT IS NOT AVAILABLE DUE TO DIFFICULT CONDITIONS IN
FINANCIAL MARKETS
    * ELECTRO-SENSORS INC -  AUTHORIZED SPECIAL COMMITTEE TO
EXPLORE
AND PURSUE BUSINESS DEVELOPMENT AND OTHER STRATEGIC ALTERNATIVES
FOR ELECTRO-SENSORS

Source text for Eikon:  ID:nPn7VmY0Wa 
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