FGR Accelerates U.S. Expansion, Defense Sector Exposure with Mito Acquisition

Deal Summary

First Graphene Ltd. (FGR) announced a binding agreement to acquire all product lines, manufacturing equipment and intellectual property of Mito Material Solutions Inc. The acquisition expands FGR's graphene capabilities and provides a foothold in the U.S. defense market, with the transaction to be completed using a cash-stock consideration tied to product-sales targets.