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SANTA FE, N. M., May 04, 2021 (GLOBE NEWSWIRE) Avisa Diagnostics Inc. (formerly, FogChain Corp.) (the Company ) is pleased to announce the closing of its previously announced reverse takeover transaction (the Transaction ) with Avisa Pharma Inc. ( Avisa ). In accordance with the merger agreement and plan of reorganization dated February 1, 2021 (the Merger Agreement ), which superseded and replaced the previously announced Letter of Intent dated January 12, 2021, the Transaction was effected by way of a triangular merger between the Company, Avisa, and a wholly owned, Delaware subsidiary of the Company ( Subco ) pursuant to the laws of the State of Delaware. The combined public company resulting from the Transaction (the Resulting Issuer ) will carry on the business of Avisa.
Updated: 6:31 PM EDT Apr 21, 2021
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Show Transcript WXII 12 NEWS AT 6:00 STARTS RIGHT NOW. TALITHA: TODAY IS A WEATHER ALERT DAY, WITH WARNINGS ABOUT FROST AND FIRE IMPACTING MOST OF THE PIEDMONT-TRIAD. KENNY: BOTH ENDS OF THE SPECTRUM, RIGHT? TEMPERATURES WILL DROP CLOSE TO FREEZING. AND THE DRY AIR WIND MEAN SMALL FIRES COULD GET OUT OF CONTROL QUICKLY. LET’S START THINGS OFF TONIGHT WITH CHIEF METEOROLOGIST LANIE POPE. LANI DEFINITELY SOME BIG CHANGES ON THE WAY. AND THEY WILL AFFECT YOU OVER THE NEXT 24 HOURS. WE HAVE A WEATHER ALERT DAY, AS YOU MENTIONED, STARTING OVERNIGHT AND INTO TOMORROW MORNING. AND THE THREAT OF FREEZING TEMPERATURES ACROSS THE AREA, YOU WILL WANT TO PREPARE TO PROTECT YOUR PETS, PIPES, PLANTS, THINGS LIKE THAT. SEVERAL HOURS OF FREEZING TEMPERATURES IN THE OVERNIGHT. THE FREEZE WARNING INCLUDES ALL OF OUR COMMUNITIES AND MUCH OF WESTERN NORTH CAROLINA. TEMPERATURES ARE ALREADY JUST ABOVE FREEZIN AND WE HAVE HAD A 1
(CSE: FOG.X) (OTCB: FOGCF) (FRA: MUU3) (the
Company or
FogChain ) is pleased to announce, further to its news release dated January 13, 2021, the Company has entered into a merger agreement and plan of reorganization (the
Definitive Agreement ) with Avisa Pharma Inc. (
Avisa ) and FogChain USA Inc., a wholly-owned subsidiary of FogChain, dated February 1, 2021, in respect of a statutory merger under the Delaware General Corporation Law pursuant to which the Company has agreed to acquire all of the issued and outstanding shares in the capital of Avisa (the
Avisa Shares ), a privately held Delaware company, in exchange for the issuance of approximately 33,263,123 common shares and 14,825,786 restricted voting shares in the capital of the Company (the