Exaktera, LLC reached an agreement to acquire ProPhotonix Limited (OTCPK:STKR) from Tim Losik and others for $10.9 million on November 10, 2021. Pursuant to the terms, Exaktera will pay $0.117 per share. Substantially all of the officers of ProPhotonix, including Chief executive Officer, are expected to continue their employment with ProPhotonix. Upon-completion, ProPhotonix will be de-listed. The transaction is subject to approval from shareholders of ProPhotonix and is unanimously approved by the board of ProPhotonix. The shareholder meeting is scheduled on December 15, 2021. At Special Meeting of ProPhotonix shareholders held on December 15, 2021, all matters put before the stockholders were duly passed. The payment of the acquisition price and closing of the acquisition will take place on December 16, 2021. Following stockholder approval, the entire issued ProPhotonix common stock will cease to be admitted to trading on AIM with effect from December 17, 2021. Katy Mitchell and Harry Ansell of WH Ireland Limited and Matthew Buck, Julian Tunnicliffe, and James Wardle of Lincoln International LLP acted as financial advisors while Nutter McClennen & Fish LLP acted as legal advisor for ProPhotonix.

Exaktera, LLC completed the acquisition ProPhotonix Limited (OTCPK:STKR) from Tim Losik and others on December 15, 2021. Following completion, Tim Losik will continue in his key leadership role as Chief Executive Officer and President of ProPhotonix