Amphion Innovations (AMP)

 

Amphion partner company agrees merger

Amphion Innovations partner company, m2m Acquisition Inc and North Carolina-based Polarean Inc have signed a definitive merger agreement in a cash and share-based transaction to create Polarean Imaging Limited, a newly incorporated company in the UK.

In addition to the merger, Amphion also announced that the placing pre-IPO fundraise of $2 million was complete and the executed merger agreement now cleared the path for the merger to close.

Amphion said that following the merger and pre-IPO raise, it would hold approximately 26% of Polarean.