Kudan Inc. (TSE:4425) agreed to acquire Artisense Corporation from group of sellers on January 27, 2020. The transaction will be done in three phases. Kudan Inc. will pay €1.8 million for first phase of acquisition of 1.24 million common shares and 1.49 million preferred shares. Kudan Inc. will pay €3.9 million for second phase for the acquisition of 2.69 million common shares and 3.24 million preferred shares. In the third phase, Kudan Inc. will acquire 6.41 million common shares and 7.72 million preferred shares; Kudan has the right to issue Common Shares of Kudan as a third-party allocation in place of cash in an amount not to exceed 706,980 shares (an amount which corresponds to 10 percent of the total number of shareholders’ votes of 70,698, as of September 30th, 2019). With the signing of this contract, Chief Operating Officer Daiu Ko of Kudan will also be appointed to the Board of Directors of Artisense. The Board of Directors of Kudan Inc. has passed the resolution for the transaction. The first phase will close on January 29, 2020. Second phase on June 20, 2020 and third phase completion is will be decided later. As on July 2, 2020, Kudan Inc. acquired a total of 2,686,996 ordinary shares and a total of 3,239,312 preferred shares (26.0% of the total number of issued shares) of Artisense for €3.9 million as the second-stage stock acquisition. As a result of this share acquisition, Kudan Inc. will own 38.0% of the total number of issued shares of Artisense. Eberhard Hafermalz, Deniz Günal and Marcus Nothhelfer of ARQIS Rechtsanwälte acted as as legal advisor to Kudan Inc. Nigel Collin of Reynolds Porter Chamberlain acted as legal advisor to Kundan. Krisstina Ebner and Jessica Braeger of Godfrey & Kahn, S.C. also acted as legal advisor to Kudan Inc. in the transaction. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft acted as due diligence provider and Ernst & Young Corporate Finance Beratung GmbH as financial advisor to Kudan Inc. Kudan Inc. (TSE:4425) completed the acquisition of Artisense Corporation from group of sellers on December 10, 2021.