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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Oct. 24, 10:10 AM

Slide #37. Medigus Ltd. Eventer Technologies Ltd.

Acquirer: Medigus Ltd. (NASDAQ:MDGS)
Acquiree: Eventer Technologies Ltd.
Details: Medigus Ltd. (Nasdaq:MDGS) (TASE:MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, today announced the signing of a share purchase agreement and revolving loan agreement with Eventer Technologies Ltd., a leading company engaged in providing interactive automated online & offline enterprise ticketing and events platform, based on AI technology. As part of the share purchase agreement and the revolving loan agreement, Medigus shall invest up to $1,000,000 in Eventer based on a number of milestones and shall loan up to an additional amount of $1,250,000 to Eventer. Upon the closing of the transaction, Medigus will hold 50.1% of Eventer's issued and outstanding share capital on a fully diluted basis.

Medigus is engaged in the development, production and marketing of miniaturized imaging equipment known as its micro ScoutCam™ portfolio for use in medical procedures as well as various industrial applications. Co.'s product, the MUSE™ system for transoral fundoplication, is a single use device for the incisionless treatment of Gastroesophageal Reflux Disease. The MUSE™ system is used to perform a procedure as an alternative to a surgical fundoplication. The MUSE™ system provides an endoscopic, incisionless alternative to surgery. A single surgeon or gastroenterologist can perform the MUSE™ procedure in a transoral way, unlike in a laparoscopic fundoplication which requires incisions.

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Company Name:  Medigus Ltd
Sector:  Medical Instruments & Supplies

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October 24, 2020    10:10 AM Eastern
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