Medigus Ltd. - ADR

NASDAQ:MDGS   3:29:12 PM EDT
6.10
+0.10 (+1.67%)
4:29:48 PM EDT: $6.20 +0.10 (+1.64%)
Mergers / Acquisitions

Medigus Ltd Signed A Letter Of Intent For Spin-Off, An Approx. $13 Mln Reverse Merger

Published: 11/16/2022 14:33 GMT
Medigus Ltd. - ADR (MDGS) - Medigus: Eventer Technologies Signed a Letter of Intent for Spin-off and an Approx.
$13 Million Reverse Merger.
Medigus Ltd - According to Loi, Transaction Will Only Be Completed If Eventer is Valued at Least $13 Million.
Medigus Ltd - According to Loi, Eventer Will Become a Wholly Owned Subsidiary of Ai Conversation Systems.
Medigus Ltd - in Exchange, Eventer Will Receive 74.99% of Issued and Outstanding Share Capital of Ai Conversation Systems.