Flexible Electronics News

Universal Matter to Acquire Applied Graphene Materials’ Main Operating Businesses

UMI’s proprietary Flash Joule Heating (FJH) process can transform a wide variety of carbon-containing feedstocks into high value graphene materials.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Matter UK Limited, a wholly owned subsidiary of Universal Matter Inc., has agreed to acquire all shares of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the main operating subsidiaries of Applied Graphene Materials plc, for a total consideration of $1.3 million. With the sale and purchase agreements relating to this transaction having been signed on Feb. 21, 2023, the anticipated completion of the transaction is conditional on AGM shareholder approval and UK...

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