Vaxil Bio (TSE:VXL) has released an update.
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Vaxil Bio Ltd., a publicly traded company, has announced a non-binding letter of intent to pursue a reverse takeover with Green Data Center Real Estate Inc., which specializes in sustainable digital infrastructure. The proposed arm’s length transaction, pending regulatory and shareholder approvals, also includes a plan for Vaxil to divest its non-cash assets before the deal’s closure. Share trading of Vaxil has been halted in anticipation of the transaction’s completion and requisite approvals.
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