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Sanigen pursues merger listing with KB No. 23 SPAC... Submits stock report
No. -5 2023.09.11 View 678
Press edaily
Created Date 2023.7.31
Sanigen, a food safety total solution company, is seeking to enter the KOSDAQ market through a merger with KB No. 23 Hospack through the SPAC extinction method.
Sanigen announced on the 31st that it had submitted a merger securities report with KB No. 23 Hospack to the Financial Services Commission. The merger price is 8,339 won and the merger ratio is 1 to 0.2398369. Starting with the submission of this securities report, if the merger process is completed in September, listing on the KOSDAQ is expected to be possible in November.
Founded in 2005, Sanigen is a food safety company that develops and sells diagnostic, analytical, and sterilization solutions for safe food production.
We have food safety and next-generation molecular diagnostic technologies for accurate detection of microorganisms such as food poisoning bacteria and viruses. Based on this, we launched the PCR molecular diagnostic product ‘Genelix’ and are supplying it to large food research institutes, testing and analysis institutes, and government agencies.
Recently, we completed the commercialization of ‘GeNext,’ a specialized one-stop food poisoning bacteria mass diagnosis product based on next-generation genetic analysis technology (NGS).
A company official said, “Unlike general badge testing methods that have limitations in detecting food poisoning bacteria, our characteristic feature is that we have succeeded in analytical accuracy and multiple diagnosis through our own technology,” adding, “Through this technology, we were able to demonstrate our technology and growth potential in the technology evaluation conducted in January. “We were recognized and received an ‘A, A’ grade,” he explained.
Sanigen plans to focus on not only strengthening its technological competitiveness but also expanding its business through the merger and listing. The funds from the merger will be used to advance food safety-related technology, secure overseas bases, and invest in facilities.
Article text https://www.edaily.co.kr/news/read?newsId=03129126635680096&mediaCodeNo=257&OutLnkChk=Y
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