Brief: Solid World Unit Signs Deal To Acquire Formula E Business Unit For 0.9 Mln
17/07/2023 07:12
July 17 (Reuters) - Solid World SpA S3D.MI :
* UNIT SOLIDFACTORY SIGNS DEAL TO ACQUIRE BUSINESS UNIT FROM
FORMULA E TO ENTER GLOBAL SOLAR MARKET
* DEAL FOR EUR 0.9 MILLION, SOLIDFACTORY WILL INITIALLY
APPROVE
CAPITAL INCREASE FROM EUR 80,000 TO EUR 110,110, RESERVED FOR
FORMULA E
* CAPITAL TO BE FURTHER INCREASED TO EUR 200,000 IN
SUBSEQUENT
SOLIDFACTORY SHAREHOLDERS’ MEETING
* PARTIES HAVE ESTABLISHED 10-YEAR CONTRACT THAT GRANTS
SOLIDFACTORY USE OF PATENTS AND KNOW-HOW OWNED BY VISMUNDA AND
FORMULA E
* SOLIDFACTORY TO PAY ANNUAL FEE OF EURO 400,000, WITH A
FREE
OPTION TO PURCHASE PATENTS, WHICH WILL EXPIRE TWO YEARS AFTER
COMPLETION OF TRANSFER
Further company coverage: S3D.MI
(Gdansk Newsroom)
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