Sygnis New Technologies will merge with MODE
22:32
On August 31, 2021, the plan of the merger of Sygnis New Technologies with MODE was signed, which is a big step for Sygnis New Technologies on its way to the NewConnect market.
After the merger, the company will be under the name "Sygnis S.A.". The value of MODE was determined by the value of shares based on the company's quotations on the NewConnect market. The valuation is PLN 14.19 million. Sygnis New Technologies was valued at PLN 31.94 million based on the adjusted net asset value.
"As a result of the merger, a market leader in hardware technology will be established, operating in the field of production of specialized devices in the field of new technologies, and a large team of scientists and engineers working on research and development (R&D) will provide breakthrough solutions in the field of technological devices," the announcement reads.
The Merger Issue Shares will be introduced to the alternative trading system on the NewConnect stock market operating at the Warsaw Stock Exchange.
(WBJ)
