Friday, May 26, 2023 3:17:40 AM
"Both NuVim, Inc. and the acquisition candidate have signed the Agreement with an
upfront payment followed by two separate future payment tranches. The first tranche is
preliminarily scheduled for one year after the closing and the second tranche payment nine
months after the first tranche payment. Funding for the closing of the Agreement is underway."
"An agreement letter has been signed by both NuVim and thenacquisition company. NuVim is in the process of seeking the funding necessary to consummate the deal.
There will be an upfront amount to close the acquisition and two tranches spread approximately one year and two years from the close of the acquisition"
Disclaimer: This post is intended for informational purposes only, and it does not constitute investment advice. Always conduct your own research or consult with a professional before making any investment decisions.
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