Edition:
United Kingdom

Universal mCloud Signs Binding LOI To Buy Ascent Aerosystems


Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Universal mCloud Corp ::UNIVERSAL MCLOUD SIGNS BINDING LOI TO ACQUIRE ASCENT AEROSYSTEMS.UNIVERSAL MCLOUD CORP - ACQUISITION IS VALUED AT AN ESTIMATED $6.55M USD.UNIVERSAL MCLOUD CORP - ACQUISITION OF ASCENT IS AN ARM'S LENGTH TRANSACTION.UNIVERSAL MCLOUD - UNDER DEAL TERMS AN ADDITIONAL $1 MILLION IN SHARES, AND $250K USD IN CASH IS CONTINGENT ON ACHIEVEMENT OF FUTURE RESULTS. 

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16 Aug 2019