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Kovo HealthTech Corporation ( (TSE:KOVO) ) has provided an announcement.
Kovo HealthTech Corporation has entered into a definitive asset purchase agreement with Avonlea Ventures #2 Inc. to acquire exclusive rights to purchase assets from AI Vector, LLC and AAG Core, LLC. This acquisition, valued at $5 million, includes issuing common shares and a vendor take-back note. Additionally, Kovo announced a secured promissory grid note and an extension of its senior loan agreement, providing up to $850,000 in proceeds to support working capital and expenses.
More about Kovo HealthTech Corporation
Kovo HealthTech Corporation is a company operating in the health technology industry, focusing on acquiring and managing contractual assets and intellectual property related to healthcare solutions.
Average Trading Volume: 19,877
Technical Sentiment Signal: Sell
Current Market Cap: C$7.08M
For detailed information about KOVO stock, go to TipRanks’ Stock Analysis page.