Danavation Technologies Corp. Announces Completion of Reverse Takeover Transaction
Company ) and Danavation Technologies Inc. (
Danavation ) are pleased to announce the completion of the Company s previously announced reverse takeover transaction (the
Transaction ) pursuant to which the Company acquired all of the issued and outstanding common shares of Danavation in exchange for shares of the Company, as further detailed below. The Company will now carry on the business of Danavation, a leading provider of micro e-paper displays in North America.
The Transaction
The Transaction was carried out in accordance with the terms and conditions of a share exchange agreement (the
Share Exchange Agreement ) dated March 30, 2020, as amended, between the Company, Danavation and the shareholders of Danavation (the