ALR Technologies Announces Reincorporation Merger
SINGAPORE, May 20, 2022 (GLOBE NEWSWIRE) -- ALR Technologies Inc. (ALRT USA) (OTCQB: ALRT), the diabetes management company, today announces that further to its release on June 1, 2021, ALRT USA has entered into an Agreement and Plan of Merger and Reorganization (the Reincorporation Merger Agreement) with ALR Technologies SG Pte.
- SINGAPORE, May 20, 2022 (GLOBE NEWSWIRE) -- ALR Technologies Inc. (ALRT USA) (OTCQB: ALRT), the diabetes management company, today announces that further to its release on June 1, 2021, ALRT USA has entered into an Agreement and Plan of Merger and Reorganization (the Reincorporation Merger Agreement) with ALR Technologies SG Pte.
- The parties to the Reincorporation Merger expect that the ALRT Singapore Ordinary Shares will trade on the OTCQB subsequent to the close of the transaction.
- ALRT Singapore has incorporated ALRT Delaware as a new subsidiary, also for the express purpose of facilitating the Reincorporation Merger.
- The Reincorporation Merger Agreement is necessary to complete our corporate migration to Singapore, said Sidney Chan, Chairman and CEO of ALR Technologies.