Brief: Neptune Wellness Enters Into Binding Term Sheet With Morgan Stanley Providing Option To Exchange Debt Of Sprout Organics
17/08/2023 21:58
Neptune Wellness Solutions Inc NEPT.O :
* NEPTUNE WELLNESS ENTERS INTO BINDING TERM SHEET WITH
MORGAN
STANLEY PROVIDING OPTION TO EXCHANGE DEBT OF SPROUT ORGANICS
* NEPTUNE WELLNESS- HAS OPTION WITHIN 90 DAYS TO EXCHANGE
EXISTING
SPROUT DEBT FOR SPROUT EQUITY RESULTING IN NEPTUNE OWNERSHIP OF
ABOUT 89.5% OF SPROUT
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Further company coverage: NEPT.O
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