Nano-X Imaging Ltd. (NasdaqGM:NNOX) entered into a binding letter of intent to acquire USARAD Holdings Inc. and All of the Assets of MDW, LLC for $30 million on August 10, 2021. Nano-X Imaging Ltd. (NasdaqGM:NNOX) entered into an agreement to acquire All of the Assets of MDW, LLC on October 21, 2021. Nano-X Imaging Ltd. (NasdaqGM:NNOX) entered into an agreement to acquire USARAD Holdings Inc. on October 25, 2021. Total consideration for USARAD and MDW is $30 million, comprising $21 million of Nanox shares and $9 million in cash. Under the terms of the binding letter of intent, Nanox anticipates purchasing all of the shares of USARAD and all of the assets of its related company Medical Diagnostics Web, or MDW, for a total consideration of $30 million in stock and cash for both companies. Nanox expect to acquire USARAD for total consideration of $27 million, comprised of $18 million of Nanox shares and $9 million in cash. Of the total, $18.5 million of consideration is expected to be paid upon closing, and the remaining $8.5 million is expected to be paid based on the achievement of certain milestones. The remaining $3 million of consideration for MDW will be paid by Nanox shares. Nano-X Imaging Ltd. (NasdaqGM:NNOX) completed the acquisition of USARAD Holdings Inc. and All of the Assets of MDW, LLC on November 2, 2021 Nano-X Imaging Ltd. (NasdaqGM:NNOX) completed the acquisition of USARAD Holdings Inc. and All of the Assets of MDW, LLC on November 3, 2021. Consideration will be paid in the form of $7,300,000 in cash and 496,545 of the Company?s ordinary shares at a deemed per share value of $23.16. In addition, upon the successful achievement of certain milestones related to profitability, EBITDA and other operational performance metrics, the Company will pay additional cash consideration in the amount of up to $2,000,000 and stock consideration in the amount of up to $6,500,000 at a per share value determined by the average closing price of the 30 trading days ending on the applicable milestone?s achievement date. At closing, the Company issued 61,487 of its ordinary shares to MDWEB at a deemed per share value of $23.18. In addition, upon the successful achievement of certain milestones related to technical integration of MDW platform with Nanox Cloud and achieving certain other operational targets, the Company will pay additional stock consideration in the amount of up to $1,500,000 at a per share value determined by the average closing price of the 30 trading days ending on the applicable milestone?s achievement date.