"In accordance with the License Agreement, the Company has decided to exercise the option to purchase the ATA® technology and entered into a Purchase Agreement on 20 September 2023 through a 100% scrip issue for a total consideration of A$3 million.Soane Labs will be issued with fully paid ordinary shares in the Company (“Consideration Shares”), on or about 27 September 2023, being the intended Completion Date. The Consideration Shares will be placed in voluntary escrow for 12 months, as per a Restriction Agreement signed between the Company and Soane Labs LLC."
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