Aion Therapeutic Inc ANTCF

Acquisition price of PCAI by Aion

[gainwidpatience]

This is the cheapest acquisition ($2.5m) you would see in Psychedelic space! Timing was perfect! Compare with other companies.. at least 25m+

In connection with the Acquisition, the Company entered into a share purchase agreement (the “Share Purchase Agreement”) dated June 26, 2020 between the Company, as purchaser, and the shareholders of 1196691 B.C. Ltd. d/b/a “PCAI Pharma” (the “Parent”), as vendors. Pursuant to the terms of the Share Purchase Agreement, the Company purchased from the vendors and the vendors sold to the Company, all of the issued and outstanding shares (the “Parent Shares”) of the Parent, a company which holds 100% of the issued shares of AI Pharma. In consideration for the Parent Shares, the Company paid to the vendors a purchase price of $2,520,000, which was satisfied by issuing to the vendors an aggregate of 36,000,000 common shares of the Company at a deemed price of $0.07 per share. The transaction was negotiated at arm’s length with the vendors.