Brief: Mentice To Acquire Assets Of Health Technology Startup Eqip, Inc.

Mentice AB

08/10/2020 07:06

Oct 8 (Reuters) - Mentice AB  MNTC.ST :
    * MENTICE TO ACQUIRE ASSETS OF HEALTH TECHNOLOGY STARTUP
EQIP,
INC., ADDING TECHNOLOGY FOR LOGGING AND ANALYSIS OF CLINICAL
PROCEDURES
    * SIGNED AN AGREEMENT TO ACQUIRE ALL SUBSTANTIAL ASSETS OF
EQIP,
INC. (EQIP), A STARTUP MEDTECH COMPANY BASED IN JACKSONVILLE,
FLORIDA
    * PURCHASE PRICE AMOUNTS TO 180 KUSD (APPROX. 1.6 MSEK) WITH
A
POSSIBLE ADDITIONAL PURCHASE PRICE OF MAXIMUM 70 KUSD (APPROX.
0.6 MSEK).
    * COMPLETION OF ACQUISITION IS EXPECTED TO TAKE PLACE IN
BEGINNING
OF OCTOBER 2020 AND IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS.
    * PAYMENT WILL BE MADE IN CASH (90 KUSD) AND REMAINING 90
KUSD
THROUGH BY AN OFF-SET ISSUANCE OF NEW SHARES IN MENTICE

Source text for Eikon:  ID:nWkr8qDTrK 
Further company coverage:  MNTC.ST 

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