ICC deal still alive? On May 27, 2019, Atom Energy closed the second tranche of the non-brokered private placement and issued 2,946,663 Common Shares at a price of $0.75 per Common Share for gross proceeds of $2,210,000.00. On that date Atom Energy also announced the execution of an agreement for a strategic investment by ICC International Cannabis Corp. ("ICC") for gross proceeds of $5.0 million, as part of a larger funding package for Atom Energy to raise a total of approximately $13.5 million in cash and securities (the "Funding Package"), intended to satisfy the requirement under the Merger Agreement to complete the Concurrent Financing. The Funding Package was intended to consist of a non-brokered private placement of up to 6,280,000 Common Shares at a price of $0.75 per Common Share, of which the tranches that closed on May 6 and May 27, 2019 were a part, a brokered private placement of up to 7,100,000 subscription receipts at a price of $0.75 per Subscription Receipt and the receipt of equity of ICC valued at $3.5 million in exchange for a Master License Right of First Refusal Agreement (the "ROFR Agreement") among Atom Energy, 6th Wave and ICC. The remaining $1.5 million of ICC’s $5.0 million strategic investment was intended to be part of the non- brokered private placement described above. Under the ROFR Agreement, Atom Energy agreed to give ICC the right of first refusal to acquire licensing rights for certain Sovereign States and Dependent Territories in Europe. Under the ROFR Agreement, ICC was required to issue the ICC equity consideration to Atom Energy upon delivery to ICC of the first AffinityTM unit, an extraction system for the isolation and purification of certain cannabinoids using 6th Wave’s proprietary technology described in Section 4.1 below.
https://www.globenewswire.com/news-release/2019/05/27/1850098/0/en/International-Cannabis-Secures-Exclusive-Master-License-for-Revolutionary-Cannabinoid-Extraction-Technology-to-Integrate-Across-the-EU-and-India.html