iWOW signs non-binding term sheet for $11.2m planned acquisition

The company is planning to fully acquire a healthcare nutrition company.

iWOW Technology Limited entered into a non-binding term sheet to acquire 100% of the issued and paid-up share capital of a Singapore-incorporated healthcare nutrition company, valuing the target at $11.2m, according to a filing.

The proposed acquisition will be satisfied through approximately $7.2m in cash, including a $1.0m payment to the founder and chief executive officer, with the remaining balance to be met through the issuance of new ordinary shares to the founder.

The transaction remains subject to the signing of a definitive sale and purchase agreement, with the term sheet legally binding only in respect of aggregate consideration, form and satisfaction of consideration, exclusivity and confidentiality.

The target company is engaged in the research, development and provision of clinically formulated therapeutic meals and rehabilitation-related solutions, primarily serving institutional healthcare and eldercare customers, whilst expanding into the consumer market.

Completion is subject to customary conditions precedent, including due diligence, regulatory and board approvals and funding commitments, with completion expected to take place within six months from the execution of the definitive agreement, and the transaction is expected to constitute a disclosable transaction under the Catalist Rules, the company said.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia