OXIDE Corporation (TSE:6521) agreed to acquire Raicol Crystals Ltd. from Raicol Holdings Ltd for $25.1 million on January 13, 2023. Under the terms, OXIDE Corporation will acquire 2,300,288 common shares and 11,134,709 preferred shares. As of January 13, 2023, board of OXIDE Corporation passed resolution for the transaction and the transaction is expected to complete on March 1, 2023.