Broncus Holding Corporation entered into share purchase agreement to acquire Fibernova Holding Corporation from from Zhao and others for $2.7 million.

Broncus Holding Corporation (SEHK:2216) entered into share purchase agreement to acquire Fibernova Holding Corporation from Zhao and others for $2.7 million on September 8, 2023. The Aggregate Consideration payable by the Company to the Vendors will be settled as the Purchase Consideration to be paid by the Company to the Vendors at Completion shall be $1.7 million, the Milestone Payment to be paid by the Company to the Vendors upon fulfillment of the Milestone Conditions shall be $1 million. as at June 30, 2023, the total assets and the net assets of Fibernova were $342,267 and $246,770, respectively.

Completion is conditional upon, Fibernova board approval and other relevant conditions.