SigmaTron International Announces Definitive Merger Agreement to Acquire Wagz, Inc.
July 21, 2021
SigmaTron International has executed a definitive Agreement and Plan of Merger to acquire Wagz, Inc., a pet-technology company, by issuing 2,443,870 shares of SigmaTron common stock to Wagz shareholders. The transaction would result in Wagz stockholders owning up to approximately 28% of SigmaTron, with Wagz operating as a wholly-owned subsidiary; the deal is expected to close by the end of September 2021, subject to milestones and conditions.
- Buyers
- SigmaTron International, Inc.
- Targets
- Wagz, Inc.
- Sellers
- Shareholders of Wagz, Inc.
- Industry
- Consumer Products
- Location
- New Hampshire, United States
- Transaction Type
- Buyout
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