Singular Health: Acquires 3D printing business, launches SPP

Singular Health Acquires 3D printing business, launches SPP

• Singular Health (SHG) is acquiring certain assets from Perth-based 3D printing company Global3D in an all-scrip transaction
• Under the purchase agreement, SingularHealth will pay 5.5 million shares and around 1.7 million free-attaching unlisted options, and Global3D may earn further shares and options subject to revenue targets
• SHG’s new subsidiary, Singular 3DP, will invest between $100,000 and $150,000 in upgrades to broaden the Singular customer base and generate more sales
• Singular plans to raise up to $1 million through a share purchase plan to support diagnostic clearances for software, sales and marketing, and the Global3D acquisition
• SHG shares ended the day trading 10.3 per cent in the red at 13 cents