Ability Inc. Announces Entry into Stock Purchase Agreement
ABILITY INC ORDINARY SHARES (ABIL)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/ability-inc-reports-third-quarter-financial-results-300362843.html
Company Research
Source: GlobeNewswire
TEL AVIV, ISRAEL, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (TASE: ABIL) ?(the “Company”), which provides innovative tactical communications intelligence solutions, today announced that, subject to the terms and conditions of a Stock Purchase Agreement, including the Company’s satisfactory due diligence, the Company has entered into an agreement to acquire the supplier that develops and licenses to the Company on an exclusive basis Ultimate Interception (ULIN), the Company’s principal cellular interception system. Under the Stock Purchase Agreement, subject to the Company’s satisfactory due diligence, the Company has agreed to purchase all the issued and outstanding shares of the supplier and in consideration, the Company agreed to issue 354,609 ordinary shares of the Company, which is the equivalent to $1 million, based on the closing share price of the Company on the Nasdaq Capital Market on November 20, 2018. In addition, the Company agreed to issue t
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