First Graphene to acquire key assets of Ionic Industries and Imagine Intelligent Materials

Following a comprehensive due diligence process, First Graphene identified strong technical and commercial alignment with the Companies’ graphene formulation platforms, which have already demonstrated successful application across multiple real-world use cases. Under the Agreement, First Graphene will acquire production infrastructure, intellectual property, and established sales and distribution channels for a total consideration of AU$250,000 (around US$180,000) in cash and shares.

First Graphene (FGR) has announced it has entered a binding Asset Purchase Agreement to acquire all manufacturing, intellectual property and development assets of Ionic Industries and its subsidiary Imagine Intelligent Materials. FGR views this acquisition as a strategic and cost-efficient opportunity to integrate advanced graphene coatings technologies developed over more than a decade of research and commercialization activity.Following a comprehensive due diligence process, First Graphene identified strong technical and commercial alignment with the Companies’ graphene formulation platforms, which have already demonstrated successful application across multiple real-world use cases. Under the Agreement, First Graphene will acquire production infrastructure, intellectual property, and established sales and distribution channels for a total consideration of AU$250,000 (around US$180,000) in cash and shares.

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