Brief: Moschip Technologies Approved Acquisition Of Entire Share Capital Of Softnautics Inc (USA)

Moschip Technologies

28/03/2023 06:41

March 28 (Reuters) - Moschip Technologies Ltd  MOSC.BO :
    * MOSCHIP TECHNOLOGIES - APPROVED ACQUISITION OF ENTIRE SHARE CAPITAL OF
SOFTNAUTICS INC (USA)
    * MOSCHIP TECHNOLOGIES LTD - APPROVED ISSUE OF SHARES ON PREFERENTIAL BASIS
    * MOSCHIP TECHNOLOGIES LTD - APPROVED ISSUE TO SHAREHOLDERS OF SOFTNAUTICS
INC
    * MOSCHIP TECHNOLOGIES - COST OF ACQUISITION AT ENTERPRISE VALUE OF $17.25
MILLION
TO BE PAID 52.6% IN SWAP SHARES, 47.4% IN CASH

Further company coverage:  MOSC.BO 

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