Medigus to Increase its Share in AI Systems to 36%
Medigus Ltd. - American Depositary Shares (MDGS)
US:NASDAQ Investor Relations:
medigus.com/investor-relations/investor-faqs
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Source: GlobeNewswire
Tel Aviv, Israel, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that on September 5, 2023, AI Systems Ltd. (“AI Systems”) approved the conversion of a $1,240 thousand (4.75 million NIS) convertible loan of the Company into shares of AI Systems. Following the conversion, Medigus will hold a 36% stake in AI Systems and become its largest shareholder. AI Systems, a technology company traded on the Tel Aviv Stock Exchange (TASE), is in negotiations to merge new activity and further expand its technological endeavors. This conversion of the convertible loan to shares solidifies Medigus’ commitment to diversify its investments with AI - based technologies and nurture its relationships with cutting-edge technology companies. About Medigus Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is a technology compan
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