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IN BRIEF: Physiomics shares rise on Ankyra contract extension

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Mentice AB intends to acquire all assets related to the software solution Ankyras from the Spanish corporation Galgo Medical S.L.

STOCKHOLM, June 10, 2022 /PRNewswire/ Mentice AB (publ) ("Mentice" or the "Company"), a leading provider of high-tech solutions for decision support and productivity with the medical field of image guided interventional therapies, announces the intention to acquire all assets of the Ankyras software suite ("Ankyras") from Galgo Medical S.L. ("Galgo") for an amount of EUR 1.80 million (approximately SEK 18.78 million[1]) with a possible additional purchase amount of EUR 0.975 million (approximately SEK 10.17 million1), and with a total purchase consideration amounting to approximately EUR 2.775 million (about SEK 28.95 million1) to be paid in cash (the "Acquisition"). The agreement and the completion of the said agreement is conditioned upon Mentice financing the transaction, which is planned to be performed through a directed new share issue. [1]EUR/SEK = 10.4330 The Acquisition The Acquisition is related to precision medicine software

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