Notable Labs, Ltd.: M&A transaction — VBL sells manufacturing facility for $7.1M to Aleph Farms; proceeds to support merger closing condition

Notable Labs, Ltd.

Sold manufacturing facility in Modi’in, Israel, and related assets to Aleph Farms for $7.1 million cash.
Proceeds intended to help meet $15.0M minimum net cash closing condition for proposed merger with Notable Labs (announced Feb 23, 2023).
Asset sale completed March 9, 2023.

item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Notable Labs, Ltd. completed a disposition involving Aleph Farms for $7.1 million in cash (closed 2023-03-09).

Action: disposition
Counterparty: Aleph Farms
Consideration: $7.1 million in cash
Closing: 2023-03-09

Exact text from the filing

On March 9, 2023, Vascular Biogenics Ltd. (“ VBL ”) completed the previously announced sale of its manufacturing facility in Modi’in, Israel, and certain related assets, for $7.1 million in cash (the “ Asset Sale ”), pursuant to that certain Asset Purchase Agreement (the “ Purchase Agreement ”) entered into with Aleph Farms, an Israel-based food technology company.

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Source: SEC EDGAR

accession 0001493152-23-007069

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