Revium Recovery Inc. (OTCPK:RVRC) entered into a letter of intent to acquire LipoVac, Ltd. on December 20, 2022. Revium Recovery will issue shares in exchange for all of LipoVac's outstanding capital stock. The transaction is subject to satisfactory due diligence by the parties and the entry into a definitive merger agreement.

The transaction is also subject to Revium completing a private placement of its securities with net proceeds to Revium of at least $7 million.