Avant Technologies signs binding LOI to acquire up to 50 supercomputer servers for $50M

AVAI BIO, INC.

Binding LOI with Flow Wave, LLC to acquire up to 50 immersible supercomputer servers for $50M cash.
Payment via $50M promissory note, 5% interest, six monthly payments after Avant raises at least $20M.
If Avant fails to pay within 6 months post capital raise, deal voids and servers return to Flow Wave.
Transaction subject to definitive agreement, board/regulatory approvals, due diligence, and Avant shareholder vote.
Avant CEO states acquisition positions company in supercomputer-driven data center industry.

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