SaverOne Announces Strategic Asset Purchase Agreement For Micronet's Generation-3 Camera Products And IP, Expanding Its Portfolio Of Transportation Safety Solutions; Deal Structured As Earn-Out With Future Royalty Payments Contingent On Sales; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
SaverOne has entered into a strategic asset purchase agreement to acquire Micronet's Generation-3 camera products and intellectual property. This deal, structured as an earn-out with future royalty payments based on sales, aims to expand SaverOne's portfolio in transportation safety solutions. Financial terms were not disclosed.
August 27, 2024 | 8:04 pm
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SaverOne has acquired Micronet's Generation-3 camera products and IP, enhancing its transportation safety solutions. The deal is structured as an earn-out with future royalties contingent on sales.
The acquisition of Micronet's Generation-3 camera products and IP is likely to enhance SaverOne's product offerings in the transportation safety sector. The earn-out structure with future royalties based on sales suggests potential for increased revenue, positively impacting SVRE's stock price in the short term.
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