Flora Growth to acquire TruHC Pharma GmbH for $6.4M in stock

ZeroStack Corp.

Purchase price of US$6,400,000 payable in 2,770,562 FLGC common shares.
First closing: issue shares = 19.99% of outstanding FLGC at $2.31/share (prior close).
Second closing requires FLGC shareholder approval; remaining shares issued after.
Definitive agreement targeted by April 15, 2024; subject to regulatory approvals.
Seller is TruHC Holding GmbH; TruHC Pharma is a German pharma company.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ZeroStack Corp. entered into Agreement with TruHC Holding GmbH valued at US$6,400,000 (effective 2024-04-01).

Action: entry
Agreement: merger
Counterparty: TruHC Holding GmbH
Value: US$6,400,000
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, Flora Growth Corp. (the "Flora") entered into a binding letter of intent (the "Agreement") with TruHC Holding GmbH (the "Seller") to acquire all of the issued and outstanding shares of TruHC Pharma GmbH (the "Transaction").

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Source: SEC EDGAR

accession 0001062993-24-008078

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