Mergers & Acquisitions ·
Clearmind Medicine Inc. signed a non-binding Letter of Intent to acquire a 51% majority stake in an EV wireless…
CMNDClearmind Medicine Inc.
Clearmind Medicine Inc. signed a non-binding Letter of Intent to acquire a 51% majority stake in an EV wireless charging solutions provider for automated parking systems. The transaction involves an aggregate purchase price of $2.5 million and a condition precedent requiring Clearmind to extend a $1.5 million loan to the target company at 4% interest, repayable two years after closing. Closing is subject to definitive agreements, due diligence, and other customary conditions. This represents a strategic diversification into smart infrastructure technology alongside its core pharmaceutical operations.