noco-noco To Acquire X-SEPA Separator And Lithium-ion Battery Development Company noco-tech; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
noco-noco is set to acquire X-SEPA Separator and lithium-ion battery development company noco-tech. The acquisition will be funded by issuing up to twenty-five million new shares at $2 per share. The acquisition is expected to be accretive to noco-noco's EPS once deliveries start.
October 23, 2023 | 11:53 am
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noco-noco's acquisition of noco-tech is expected to be accretive to its EPS. The acquisition will be funded by issuing new shares.
The acquisition of noco-tech by noco-noco is expected to be accretive to its EPS, indicating a potential increase in profitability. The issuance of new shares to fund the acquisition could dilute existing share value, but the expected increase in EPS could offset this impact.
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