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Stock impact report

BioSig intends to acquire Neuro-Kinesis' assets [Yahoo! Finance]

BIOSIG TECHNOLOGIES INC (BSGM) 
NASDAQ:AMEX Investor Relations: biosigtech.com
Company Research Source: Yahoo! Finance
to acquire the assets of medical technology company Neuro-Kinesis Corporation (NKC). The parties have executed a non-binding letter of intent (LOI) which confirms BioSig's interest in the proposed acquisition. The transaction will involve payment through the issuance of BioSig's common stock to NKC shareholders. NKC will also contribute at least $2.5m to BioSig at closing, with the potential to provide up to $6m of unrestricted cash. The acquisition process will include extensive due diligence, expected to continue through the end of the year. BioSig CEO Anthony Amato said: “We feel we have the ability to leverage our improving balance sheet, along with our expertise, to expand our product portfolio beyond PURE EP. “With this in mind, we will continue to evaluate opportunities with a focus on new and exciting innovative technological platforms.” US-based NKC is advancing medical technology with its patented catheter-based diagnostic system designed to overcome the limita Show less Read more
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