Polyrizon Signs Memorandum Of Understanding To Acquire Up To 20% Of Colugo Systems For $6M In Potential Cash/Share Issuance Combination

Polyrizon has signed a Memorandum of Understanding (MOU) to acquire up to 20% of Colugo Systems for a total of up to $6 million, which may be paid in cash or through the issuance of Polyrizon shares. The transaction involves two shareholders selling approximately 20% of Colugo's outstanding share capital on a fully-diluted basis. The final share price of Polyrizon will be determined at the signing of the definitive agreement.