Advanced Human Imaging Ltd to acquire wellteq Digital Health Inc.

Advanced Human Imaging Ltd (ASX: AHI) announced that it had signed an agreement with wellteq Digital Health Inc. to buy all of the outstanding shares of wellteq in an all-share acquisition. As per the agreement, wellteq shareholders will get one AHI’s ordinary share for every six wellteq common shares held.

In addition to the agreement, both companies have entered into a loan agreement, where Advanced Human Imaging Ltd has agreed to advance to wellteq Digital Health Inc. up to AU$1,200,000. Under the transaction, the company will purchase wellteq’s complementary software assets in the health and wellness space, which are planned to be combined with AHI’s software assets. AHI also considers wellteq’s target market to be aligned with its current focus.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au