IR-News

AUSSENDER



iQ International AG
Ansprechpartner: Eva Reuter
Tel.: +41 41 768 03 63
E-Mail: ereuter@dr-reuter.eu
pta20210730058
Public disclosure of inside information according to article 17 MAR

iQ International AG: IQ International AG signs non-binding term sheet with Antarctica re Sale of iQ Power


Zug, Switzerland, 30 July 2021 (pta058/30.07.2021/22:45) - iQ International ("iQ") has signed an indicative term sheet with Antarctica Battery, Materials and Storage LLC, USA ("Antarctica"), an affiliate of Antarctica Capital, USA, pursuant to which Antarctica proposes to acquire all the battery and mobility assets, IP, and related business activities, including SIA, of iQ's wholly owned subsidiary iQ Power AG ("iQ Power"). This contemplated sale represents a major part of iQ's current business, and it is envisaged that iQ receives a purchase price of approx. USD 40 million from Antartica. The current timetable foresees a finalization of such sale after the effectiveness of the forthcoming amalgamation with Terrascale. The parties aim at agreeing on the terms of a final binding agreement by the end of September.

(end)
emitter: iQ International AG
Landis + Gyr Strasse 1
6300 Zug
Switzerland
contact person: Eva Reuter
phone: +41 41 768 03 63
e-mail: ereuter@dr-reuter.eu
website: www.iqinternational.com
stock exchanges: regulated market in Frankfurt; open market in Berlin
ISIN(s): CH0451424300 (share)
|
|
98.376 Abonnenten
|
193.917 Meldungen
|
80.057 Pressefotos

BUSINESS

Top