XTL To Aquire The Social Proxy [Yahoo! Finance]
XTL Biopharmaceuticals Ltd. - American Depositary Shares (XTLB)
US:NASDAQ Investor Relations:
xtlbio.com
Company Research
Source: Yahoo! Finance
for AI & BI Applications at scale Secured $1.5 Million in a Private Placement RAMAT GAN, ISRAEL, March 20, 2024 (GLOBE NEWSWIRE) -- XTL Biopharmaceuticals Ltd. (the “ Company ” or “ XTL ”) announced today that it has entered into a binding term sheet with THE SOCIAL PROXY Ltd., (the “ Social Proxy ”) a cutting edge web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI & BI Applications at scale (the “ Term Sheet ”). Pursuant to the Term Sheet, the Company will acquire all of the issued and outstanding share capital of Social Proxy on a fully diluted basis (the “ Transaction ”) in exchange for the issuance by the Company to the shareholders of the Social Proxy, by way of a private placement, such number of ADS's of the Company, representing immediately after such issuance, 44.6% of the issued and outstanding share capital of the Company and the payment of US$430,000 to the shareholders of the Social Proxy. In addition,
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News
- XTL To Aquire The Social ProxyGlobeNewswire
XTLB
Sec Filings
- 4/30/24 - Form 6-K
- 4/30/24 - Form 20-F
- 4/2/24 - Form 6-K
- XTLB's page on the SEC website