BluGlass Limited (ASX:BLG) agreed to acquire GaNWorks Foundry, Inc. for $0.8 million on December 7, 2023. The purchase price comprises $0.8 million comprising 15% in cash ($0.12 million) and 85% in 17,436,556 new BLG shares ($0.68 million). The ordinary shares issued for the transaction will be from within the Company?s existing capacity under ASX listing rule 7.1. The cash component is being funded by the receipt of the Company?s $7.3M R&D rebate. The expected closing date of the transaction is December 30, 2023.

BluGlass Limited (ASX:BLG) completed the acquisition of GaNWorks Foundry, Inc. in December 2023.