Brief: S2Medical Buys Curenc AB

S2Medical AB (publ)

12/10/2020 07:39

Oct 12 (Reuters) - S2Medical AB (publ)  S2ME.ST :
    * ENTERS INTO AGREEMENT WITH CURENC HOLDING AB TO ACQUIRE
COMPANY'S SUBSIDIARY CURENC AB AND THEREBY ALL OF ITS PATENTS,
PATENT APPLICATIONS AND THE RIGHT TO FUTURE INTELLECTUALS ASSETS
    * PAYMENT TO BE MADE THROUGH DIRECTED SET-OFF ISSUE OF
266,666
B-SHARES IN S2MEDICAL
    * ISSUE PRICE WILL CORRESPOND TO CLOSING PRICE ON THE DAY OF
THE
ISSUE
    * CURENC HOLDING AB HAS ALSO THE RIGHT TO 1.5% ROYALTY BASED
ON
SALE OF PRODUCTS AND SERVICES RELATED TO ACQUISITION BETWEEN
2021-2027, PROVIDED THAT THIS EXCEEDS SEK 50 MILLION PER YEAR
AND AS LONG AS CURENC HOLDING AB OWNS AT LEAST 100,000 SHARES IN
S2MEDICAL

Source text for Eikon:  ID:nWkr23MhcZ 
Further company coverage:  S2ME.ST 

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