DataMeds AI MEDS

DataMeds AI (MEDS) announces new deal terms.

Item 1.01 Enters material agreement, Item 7.01 Investor disclosure

Form
8-K
Filed
Importance
Major
  1. Company entered into a non-binding Second A&R LOI with multiple parties.
  2. Acquisition would involve issuing shares to EOS, Scilex, Datavault, HBA, THI, and REBOOT.
  3. Post-closing ownership would be 89.5% for these parties, with 10.5% for existing shareholders.
  4. Royalties would be 6% for REBOOT and 5% for EOS and Scilex.

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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