Molekule Acquires Aura Smart Air Ltd.

February 26, 2023

Molekule Group, Inc. (Nasdaq: MKUL) entered into a definitive agreement to acquire Israeli-based Aura Smart Air Ltd. in an all‑stock merger valued at approximately $10 million. The deal adds Aura's IoT-enabled sensors, software and data-driven air purification platform to Molekule's FDA‑cleared device portfolio to accelerate the company's push into B2B and enterprise Safe‑Air‑as‑a‑Service solutions; the transaction was expected to close in the second half of 2023 subject to customary conditions.

Buyers
Molekule Group, Inc.
Targets
Aura Smart Air Ltd.
Industry
Medical Devices
Location
Israel
Transaction Type
Buyout

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