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Net Zero Infrastructure Plc (NZI) announced on 19 June 2024 that it completed a third-party independent valuation of QuiaPEG Pharmaceuticals AB's intellectual property assets. These assets were estimated to be worth around £30 million, following a previous announcement on 16 February 2024. Work is continuing on the prospectus and finalising the license agreement for the transaction.
| Date | 19 Jun 2024 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 8928S |
19 June 2024
NET ZERO INFRASTRUCTURE PLC
("NZI" or the "Company")
Update on QuiaPEG Transaction
Net Zero Infrastructure Plc, a special purpose acquisition company formed with the intention to acquire renewable or clean energy technology companies and to finance, develop and promote those environmentally sound projects internationally, is pleased to announce it has now completed its third-party independent valuation of the intellectual property assets of QuiaPEG Pharmaceuticals AB and the assets are estimated to be worth around £30m, following the announcement made on 16 February 2024.
QuiaPeg is a drug development company based on a patented drug delivery platform, Uni-Qleaver®, and the company develops improved and patentable forms of drugs under development or already approved by regulatory authorities. QuiaPEG's shares are admitted on trading on Nasdaq First North Growth Market.
Work will continue on the prospectus and finalising the license agreement so the transaction can be completed in the coming months.
Enquiries:
For further information, please visit - www.nziplc.com
Contact Details
|
Net Zero Infrastructure plc Mike Ellwood - Non-Executive Chairman |
+44 (0) 799 932 9382 |
|
Axis Capital Markets Limited (Company Broker) Richard Hutchison |
+44 (0) 203 026 0320 |
|
IFC Advisory (Financial PR) Graham Herring Tim Metcalfe
|
+44 (0) 203 934 6630 |