News: AMT Allegra Orthopaedics Says Binding Deal Executed For Sale Of All Assets Of Orthopaedics...

May 2 (Reuters) - Allegra Orthopaedics Ltd (AMT) :

• BINDING AGREEMENT EXECUTED FOR SALE OF ALL BUSINESS ASSETS, BOTH TANGIBLE AND INTANGIBLE, OF ALLEGRA'S ORTHOPAEDICS DIVISION
• DEAL FOR A$1 MILLION CASH, PLUS COST VALUE OF INVENTORY AT COMPLETION IN EXCESS OF A$3.3 MILLION
• WILL BENEFIT FROM UNDERWRITING COMMITMENT FOR AMOUNT OF NOT LESS THAN A$1.2 MILLION FOR ANY FUTURE CAPITAL RAISE
• EXPECTED ORTHOPAEDICS DIVISION WILL INCUR TRADING LOSSES FOR FY2023