MAP microba life sciences limited
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News: MAP Microba Life Sciences To Acquire Invivo Clinical

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    19/10/23
    12:25
    Post #: 70425751

    Oct 19 (Reuters) - Microba Life Sciences Ltd (MAP) :

    • MICROBA TO ACQUIRE UK MICROBIOME LEADER INVIVO CLINICAL
    • ACQUISITION EXPANDS MICROBA'S SCALE AND INTERNATIONAL PRESENCE WITH FY23 REVENUES OF A$14.3M ON A PRO-FORMA BASIS
    • WILL BE ACQUIRED FOR A PURCHASE PRICE OF APPROXIMATELY A$12.5 MILLION, PLUS UP TO A$8.7 MILLION IN EARN-OUT CONSIDERATION
    • SIGNED A SHARE PURCHASE AGREEMENT FOR ACQUISITION OF 100% OF INVIVO CLINICAL LIMITED
    • EXPECTED ABOUT 87 MILLION SHARES WILL BE ISSUED UNDER ENTITLEMENT OFFER
    • POST ENTITLEMENT OFFER, MICROBA’S PRO FORMA NET CASH AT 30 SEPT EXPECTED TO BE A$28.3 MILLION
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