Polydex Pharmaceuticals Limited announced that it has entered into a Plan of Arrangement agreement whereby BioSpectra, Inc. and BioSpectra Canada, Ltd will acquire all of the outstanding common and preferred shares of the Company for total consideration of $6,940,000, of which US$6,924,980.02 will be paid for 3,432,478 common shares outstanding and US$15,019.98 will be paid for 899,400 Class B Preferred shares outstanding.
April 27, 2023
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