ALR Technologies To Acquire CGM Medical Technology (Singapore and Shenzhen)

ALR Technologies entered into a letter of intent to acquire 100% of CGM Medical Technology Singapore and to acquire certain assets of CGM Medical Technology Shenzhen. The deal values CGM Medical Singapore at a total purchase consideration including 200 million ordinary shares and $45 million, with additional contingent earn-out payments tied to free cash flow. ALR Technologies plans to use the acquired technology and licenses to build a manufacturing facility in the Johor-Singapore Special Economic Zone and expects to sign definitive agreements by late July 2026 (Singapore) and late August 2026 (Shenzhen).