Polyrizon Signs Memorandum Of Understanding To Acquire Up To 20% Of Colugo Systems For $6M In Potential Cash/Share Issuance Combination

Under the terms of the MOU, two shareholders will sell to Polyrizon approximately 20% of the outstanding share capital of Colugo on a fully-diluted basis. The aggregate purchase price for the Colugo shares is up to US $6,000,000, either in cash or through the issuance of Polyrizon shares, as shall be mutually agreed upon in the definitive agreement. Polyrizon's share price will be determined at the signing of the definitive agreement.