Brief: Enersize Signs LoI Regarding Reverse Takeover With Terafactory

Enersize Oyj

18/10/2021 07:39

Oct 18 (Reuters) - Enersize Oyj  ENERS.ST :
    * ENERSIZE SIGNS LETTER OF INTENT REGARDING REVERSE TAKEOVER
WITH
TERAFACTORY
    * ANNOUNCES THAT IT HAS SIGNED A LETTER OF INTENT (" LOI")
WITH
FINNISH BATTERIES OY (TO BE RENAMED "TERAFACTORY") AS A STEP
TOWARDS STREAMLINING COMPANY STRUCTURE
    * TRANSACTION  INCLUDES RE-LISTING OF ENERSIZE, THEN RENAMED
TERAFACTORY OYJ, ON NASDAQ FIRST NORTH GROWTH MARKET STOCKHOLM,
AS WELL AS RE-LISTING OF ENERSIZE SWEDEN
    * PROVIDED THAT TRANSACTION IS COMPLETED, ENERSIZE
SHAREHOLDERS
WILL OWN 100% OF ENERSIZE SWEDEN AND ABOUT 10% OF TERAFACTOR
    * PARTIES HAVE AGREED TO CONTINUE WORKING AND TO USE THEIR
BEST
EFFORTS TOWARDS REACHING A FINAL AGREEMENT AND COMPLETE
TRANSACTION IN Q2, 2022

Source text for Eikon:  ID:nMFN9nlfVY 
Further company coverage:  ENERS.ST 

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