Adisyn Ltd: Proposed Acquisition of 2nd Generation and Capital Raise

Oct 23, 2024

Adisyn Ltd (ASX: AI1) announced the proposed acquisition of 100% of the issued share capital of 2D Generation Ltd and an associated capital raise. This exciting development follows a Collaboration Agreement between AI1 and 2DG, a semiconductor IP business announced on 15 July 2024. The companies have identified significant opportunities to enhance AI1’s offering in its target markets by leveraging 2D Generation’s semiconductor solutions and industry relationships. They also aim to improve market penetration by leveraging each other’s business partners. Adisyn shared that the companies have reached indicative terms for AI1 to acquire 100% of the issued share capital of 2D Generation Ltd, and they are working towards finalizing a legally binding share purchase agreement, expected to be executed within 3 weeks of today’s announcement.

Moreover, The Company has successfully secured commitments from new and existing sophisticated investors to raise AU$3 million through an equity capital placement. The Capital Raise will amount to AU$ 3,000,000 through the issuance of 60,000,000 Shares at an issue price of AU$0.05 each, along with one free attaching Option for every 4 Shares subscribed for and issued, totaling 15,000,000 Options. The issue price for the Placement Shares represents a 9% discount to the Company’s last closing price and a 6% premium to the Company’s 5-day VWAP.

 

 

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