NanoXplore Acquires Assets of XG Sciences

MONTREAL, Aug. 29, 2022 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore”) (TSX: GRA and OTCQX: NNXPF), world-leading graphene company, is pleased to announce today that it was the winning bidder for a significant portion of the assets of XG Sciences Inc. (“XG Sciences”, “XG”, or the “Company”) in a sale conducted by XG’s senior secured creditor pursuant to Article 9 of Michigan’s enactment of the Uniform Commercial Code. NanoXplore and the senior creditor have entered into an asset purchase agreement pursuant to which NanoXplore is acquiring XG’s mechanical milling platform, research and development lab and all issued and pending patents and trademarks, among other items. The payment of this transaction is paid in cash without any share issuance. 

 

Source: https://www.globenewswire.com/RssFeed/industry/1353-Commodity%20Chemicals/feedTitle/GlobeNewswire%20-%20Industry%20News%20on%20Commodity%20Chemicals

Scroll to Top