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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100