Lifeloc Technologies acquires ELST via merger; exchange ratio 0.048

Lifeloc Technologies, Inc

Each share of ELST common stock will be converted into 0.048 shares of Lifeloc common stock, plus cash for fractional shares.
Lifeloc will form a Merger Sub that will merge into ELST, with ELST surviving as a wholly owned subsidiary of Lifeloc.
Closing conditions include ELST shareholder approval, effectiveness of Lifeloc's S-4 registration statement, and regulatory approvals.
ELST shareholders are entitled to dissenters' rights under Washington law as described in the merger agreement.

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