Koios Beverage (TSE:FIT) has released an update.
Koios Beverage Corp. has announced its intention to potentially sell its wholly owned subsidiary, Koios Inc., to a major Canadian beverage company through a non-binding letter of intent. The completion of the sale depends on various factors including due diligence, board and shareholder approvals, and the finalization of a binding definitive agreement, with negotiations open until April 30th. There is no certainty that the transaction will proceed or what the final terms will be.
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