PTA-Adhoc: iQ International AG: Current Status of iQ International AG's Amalgamation Process and Sale of iQ Power

Wednesday, 26. January 2022 19:50

Public disclosure of inside information according to article 17 MAR

Zug (pta055/26.01.2022/19:50) - Zug, Switzerland, 26 January 2022: As the negotiations with Antarctica Battery, Materials and Storage LLC, USA, regarding a sale of iQ's subsidiary iQ Power AG (" iQ Power") have not resulted in a binding agreement and the prospects regarding a completion of the envisaged amalgamation with the shareholders of TerraScale, Inc. are in the view of the board of iQ International AG doubtful at this time, iQ International AG is therefore now also in discussions with alternative options to gain the necessary liquidity and stockholder value with the aim of reaching binding agreements with investors before the end of March 2022.

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emitter: iQ International AG
address: Landis + Gyr Strasse 1, 6300 Zug
country: Switzerland
contact person: Eva Reuter
phone: +41 41 768 03 63
e-mail: ereuter@dr-reuter.eu
website: www.iqinternational.com

ISIN(s): CH0451424300 (share)
stock exchanges: regulated market in Frankfurt; open market in Berlin

[ source: http://www.pressetext.com/news/20220126055 ]

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