Brief: Lygos And Flexible Solutions International Announce Definitive Merger Agreement To Form Leading Sustainable Specialty Ingredient Company

Flexible Solutions International

18/04/2022 11:11

April 18 (Reuters) - Flexible Solutions International Inc
 FSI.A :
    * LYGOS AND FLEXIBLE SOLUTIONS INTERNATIONAL ANNOUNCE
DEFINITIVE
MERGER AGREEMENT TO FORM LEADING SUSTAINABLE SPECIALTY
INGREDIENT COMPANY
    * FLEXIBLE SOLUTIONS INTERNATIONAL INC- UNDER TERMS OF
PURCHASE
AGREEMENT, LYGOS ISSUED $160 MILLION WORTH OF CONVERTIBLE NOTES
WITH A 5.5% FIXED ANNUAL INTEREST RATE AND A FIVE-YEAR MATURITY
    * FLEXIBLE SOLUTIONS INTERNATIONAL INC- ERIC STEEN WILL
SERVE AS
CEO AND A MEMBER OF BOARD OF DIRECTORS FOR COMBINED COMPANY
    * FLEXIBLE SOLUTIONS INTERNATIONAL INC- UPON CLOSING, ALL
CURRENT
DIRECTORS OF FSI WILL RESIGN

Source text for Eikon:  ID:nGNX6kyXSK 
Further company coverage:  FSI.A