"Concurrent with the OEM discussions, in April, 2019, following a period of technical and productrelated discussions, Nuheara received a confidential indicative non-binding letter of intent (“LOI”)from a large multinational company with respect to the potential acquisition of all issued sharesin theCompany. This placed a number of OEM and other partnership discussions on hold pending theoutcome of these discussions. The LOI did not proceed and Nuheara has recommenced previous OEMdiscussions"
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