BRIEF-Aeroclean Technologies And Molekule To Combine In An All-Stock Merger

Reuters2022-10-04

Oct 3 (Reuters) - AeroClean Technologies Inc :

* AEROCLEAN TECHNOLOGIES AND MOLEKULE TO COMBINE IN AN ALL-STOCK MERGER ESTABLISHING AN INDUSTRY-LEADING PROVIDER OF PREMIUM, FDA-CLEARED AIR PURIFICATION PRODUCTS AND SOLUTIONS

* AEROCLEAN TECHNOLOGIES INC - AEROCLEAN $(AERC)$ WILL CHANGE ITS NAME AND TICKER SYMBOL TO MOLEKULE, INC. (NASDAQ: MKUL)

* AEROCLEAN TECHNOLOGIES INC - AMIN KHOURY WILL ASSUME A MORE ACTIVE ROLE AS NON-EXECUTIVE CHAIRMAN AT COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - AEROCLEAN'S EXECUTIVE TEAM, CEO JASON DIBONA AND CFO RYAN TYLER, WILL REMAIN IN THOSE ROLES AT COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - MOLEKULE'S CEO JONATHAN HARRIS WILL TRANSITION TO CCO (CHIEF COMMERCIAL OFFICER) OF COMBINED COMPANY

* AEROCLEAN TECHNOLOGIES INC - SIX-MEMBER AEROCLEAN BOARD OF DIRECTORS WILL BE EXPANDED TO SEVEN MEMBERS

* AEROCLEAN TECHNOLOGIES INC - BRAD FELD, MOLEKULE BOARD MEMBER AND CO-FOUNDER OF VENTURE CAPITAL FIRM FOUNDRY, JOINING COMBINED COMPANY'S BOARD

* AEROCLEAN - AEROCLEAN STOCKHOLDERS WILL OWN 50.5%, MOLEKULE STOCKHOLDERS WILL OWN 49.5% OF OUTSTANDING COMMON EQUITY OF COMBINED CO ON PRO FORMA BASIS

* AEROCLEAN TECHNOLOGIES INC - COMBINED COMPANY WILL REMAIN HEADQUARTERED IN PALM BEACH GARDENS, FLORIDA

* AEROCLEAN TECHNOLOGIES INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BOTH AEROCLEAN AND MOLEKULE

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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(NASDAQ: MKUL)   * AEROCLEAN TECHNOLOGIES INC - AMIN KHOURY WILL ASSUME A MORE ACTIVE ROLE AS NON-EXECUTIVE CHAIRMAN AT COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - AEROCLEAN'S EXECUTIVE TEAM, CEO JASON DIBONA AND CFO RYAN TYLER, WILL REMAIN IN THOSE ROLES AT COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - MOLEKULE'S CEO JONATHAN HARRIS WILL TRANSITION TO CCO (CHIEF COMMERCIAL OFFICER) OF COMBINED COMPANY   * AEROCLEAN TECHNOLOGIES INC - SIX-MEMBER AEROCLEAN BOARD OF DIRECTORS WILL BE EXPANDED TO SEVEN MEMBERS   * AEROCLEAN TECHNOLOGIES INC - BRAD FELD, MOLEKULE BOARD MEMBER AND CO-FOUNDER OF VENTURE CAPITAL FIRM FOUNDRY, JOINING COMBINED COMPANY'S BOARD   * AEROCLEAN - AEROCLEAN STOCKHOLDERS WILL OWN 50.5%, MOLEKULE STOCKHOLDERS WILL OWN 49.5% OF OUTSTANDING COMMON EQUITY OF COMBINED CO ON PRO FORMA BASIS   * AEROCLEAN TECHNOLOGIES INC - COMBINED COMPANY WILL REMAIN HEADQUARTERED IN PALM BEACH GARDENS, FLORIDA   * AEROCLEAN TECHNOLOGIES INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BOTH AEROCLEAN AND MOLEKULESource text for Eikon:    Further company coverage:   ((Reuters.Briefs@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2272025100"}