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Alexium International Group Limited (AXIIF) Discusses Acquisition of Microencapsulation and PCM Businesses of Microtek and Associated Entitlement Offer Transcript
Seeking Alpha· 2025-12-16 00:59
Core Viewpoint - Alexium International has announced the acquisition of Microtek's Microencapsulation and PCM businesses, which is expected to significantly advance the company's development [2]. Group 1: Transaction Overview - The acquisition includes intellectual property, manufacturing assets, key employees, and customer relationships from Microtek, an industry leader based in Dayton, Ohio [2]. - The transaction is funded through an equity issuance to Microtek's current owners, who will hold approximately an 11.6% interest in Alexium International post-transaction [3]. Group 2: Entitlement Offer - Alongside the acquisition, Alexium International has announced a non-renounceable entitlement offer to raise approximately $6.8 million (around USD 4.5 million) [4]. - The entitlement offer is structured at a ratio of 3.44 shares for every 5 shares held, with an issue price of $0.006, representing a discount of approximately 14.3% [4].