Kovo+ Announces Definitive Asset Purchase Agreement, Senior Loan Extension and Short Term Secured Promissory Grid Note

▤ Summary

Kovo+ announced a definitive asset purchase agreement to acquire the exclusive right to buy key assets tied to AI Vector and Veebas. The deal includes common shares and a vendor take-back note, with the target assets valued at a minimum of US$5 million. Kovo+ also disclosed a new secured promissory grid note and an extension of its senior loan maturity to June 30, 2025. The company said the financing will support working capital and ongoing expenses while it pursues the asset acquisition and related approvals.

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