Brief: Nordic Nanovector And APIM Therapeutics Announce Merger Agreement

Thor Medical ASA

09/11/2022 20:48

Nov 9 (Reuters) - Nordic Nanovector ASA  NANOVN.OL :
    * NORDIC NANOVECTOR AND APIM THERAPEUTICS ANNOUNCE MERGER
AGREEMENT
    * ENTERED INTO A DEFINITIVE MERGER AGREEMENT TO COMBINE
COMPANIES
IN AN ALL-STOCK TRANSACTION
    * COMBINED COMPANY IS EXPECTED TO HAVE FUNDING INTO 2024
    * NORDIC NANOVECTOR WILL PURCHASE SHARES IN APIM, AND BECOME
PARENT ENTITY OF APIM
    * COMBINED ENTITY WILL SEEK TO RETAIN THE PUBLIC LISTING ON
OSLO
BØRS AND IS EXPECTED TO BE RENAMED IN DUE COURSE
    * KOSTAS ALEVIZOPOULOS IS CONTEMPLATED TO TAKE ROLE AS CEO
OF
COMBINED ENTITY
    * TRANSACTION AT AN EQUITY VALUATION OF APIM AT NOK 439
MILLION
    * DEAL AT AN EQUITY VALUATION OF APIM AT NOK 439 MILLION
PLUS ANY
NET CASH RAISED PRIOR TO COMPLETION OF TRANSACTION

Source text for Eikon:  ID:nWkr7bjbmH 
Further company coverage:  NANOVN.OL 
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