Xylo Technologies Says The Robotics Company Will Transfer All Their Shares To Gix In Exchange For 30% Of The Issued And Outstanding Ordinary Shares Of Gix; Shareholders Will Have The Option To Increase Their Holdings To 37.5% And 45% Of The Issued And Outstanding Shares Upon Completion Of Two Separate Commercial Milestones
Portfolio Pulse from Benzinga Newsdesk
Xylo Technologies will transfer all their shares to Gix in exchange for 30% of the issued and outstanding ordinary shares of Gix. Shareholders will have the option to increase their holdings to 37.5% and 45% upon completion of two separate commercial milestones.
June 06, 2024 | 1:30 pm
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POSITIVE IMPACT
Gix will receive all shares from Xylo Technologies in exchange for 30% of their issued and outstanding ordinary shares, with potential increases upon meeting milestones.
The acquisition of Xylo Technologies' shares and the potential for increased holdings upon meeting milestones is likely to be seen positively by investors, indicating growth and strategic alignment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Xylo Technologies will transfer all their shares to Gix in exchange for 30% of Gix's shares, with potential increases upon meeting milestones.
The transfer of shares and potential for increased holdings upon meeting milestones is likely to be seen positively by investors, indicating growth and strategic alignment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100