Molekule Acquires Israeli-Based Aura Smart Air For ~$10M
Molekule Group Inc (NASDAQ:MKUL) has entered into a definitive agreement to acquire Aura Smart Air Ltd, in an all-stock merger with a…
Molekule Group Announced Late Sunday It Had Entered Into A Definitive Agreement To Acquire Aura Smart Air Ltd. In An All-Stock Deal Worth ~$10M
Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ: MKUL) announced it has entered into a definitive agreement to acquire Aura Smart Air Ltd. ("Aura"), an Israeli-based company currently listed on the Tel Aviv Stock Exchange, in an all-stock merger with a value of approximately $10 million (the "Merger").
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Update: Please note that this article was posted in error. The stock market was closed on Monday January 16th, 2023 in observance of Martin Luther King Jr. Day. We apologize for any confusion or inconvenience this may have caused.
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AeroClean Technologies, Molekule To Combine In An All-Stock Merger Establishing An Industry-Leading Provider Of Premium, FDA-Cleared Air Purification Products And Solutions
Transaction Highlights
Creates a pro forma company with a substantial base of revenues, a solid balance sheet and a path to profitability.
A broad range of highly complementary, proprietary and patented,