Brief: Molekule Says Entered Into Definitive Agreement To Acquire Aura Smart Air

Molekule

27/02/2023 03:06

Feb 26 (Reuters) - Molekule Group Inc  MKUL.O :
    * MOLEKULE EXPANDS ITS INDUSTRY-LEADING PORTFOLIO OF INDOOR
AIR
QUALITY (IAQ) SOLUTIONS TECHNOLOGY WITH DEFINITIVE AGREEMENT TO
ACQUIRE AURA SMART AIR LTD., FURTHER ACCELERATING MOLEKULE INTO
THE B2B SECTOR
    * MOLEKULE - UNDER TERMS OF MERGER, CO HAS AGREED TO ACQUIRE
AURA
FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY 3,519,105 SHARES OF
MOLEKULE COMMON STOCK
    * MERGER IS EXPECTED TO CLOSE EARLY IN SECOND HALF OF 2023
    * AURA WILL RETAIN ITS TECHNOLOGY DEVELOPMENT OFFICES IN TEL
AVIV
LED BY ELDAR SHNAIDERMAN, AS CHIEF TECHNOLOGY OFFICER
    * MOLEKULE - SEVERAL MEMBERS OF AURA EXECUTIVE TEAM WILL
INTEGRATE
INTO CO'S OFFICES IN U.S., LED BY AVIAD SHNAIDERMAN, AS GM OF
GLOBAL COMMERCIAL SALES

Source text for Eikon:  ID:nGNX3NLy0h 
Further company coverage:  MKUL.O 

 ((Reuters.Briefs@thomsonreuters.com;))