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    GGG   CA3613331071

G6 MATERIALS CORP.

(GGG)
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G6 Materials Corp. completed the acquisition of GX Technologies, Inc.

08/25/2021 EST

G6 Materials Corp. (TSXV:GGG) entered into a letter agreement to acquire GX Technologies, Inc. for $5 million on March 15, 2021. G6 Materials entered into a definitive purchase agreement to acquire GX Technologies, Inc. on August 4, 2021. Pursuant to the transaction, G6 will acquire GX Technologies in exchange for 25,000,000 common shares at a deemed price of $0.20 per common share of G6. Simultaneously, G6 announced a non-brokered equity financing to raise up to $5 million through the offering of 25,000,000 units. Each unit is priced at $0.20 and is comprised of one common share of G6 and one-half of one warrant to purchase a common share of G6 at a price of $0.30 for a period of 2 years from the closing date of the offering. The consideration shares are to be released from a staged escrow over a period of 28 months from the date of closing. The transaction is subject to due diligence, regulatory and governmental approvals including the approval of the TSX Venture Exchange and expected to close on or before April 29, 2021. As of August, all closing conditions have been satisfied with consideration shares to be released from a staged escrow over a period of 28 months from the date of Closing. The final approval of the TSX Venture Exchange is still pending. G6 Materials Corp. (TSXV:GGG) completed the acquisition of GX Technologies, Inc. on August 25, 2021. All closing conditions have been satisfied and the G6 Materials has received the final approval of the TSX Venture Exchange.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 1,94 M - -
Net income 2021 -1,13 M - -
Net cash 2021 4,64 M - -
P/E ratio 2021 -16,5x
Yield 2021 -
Capitalization 15,3 M 15,3 M -
EV / Sales 2020 6,40x
EV / Sales 2021 8,23x
Nbr of Employees -
Free-Float 78,3%
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Managers and Directors
Daniel Stolyarov President, Chief Executive Officer & Director
Robert James Scott Chief Financial Officer & Director
Gary Dyal Chairman
Roman Rabinovich Director
Anastasios Arima Director
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