G6 Materials raises $5 million CAD, to acquire GO application developer GX Technologies

G6 Materials (Formerly called Graphene 3D Lab) has made plans to raise $5 million CAD via a non-brokered offering. The company also announced plans to acquire GX Technologies in an all-share deal (worth around $7.5 million CAD).

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GX Technologies is developing applications based on graphene oxide. GXT has a cooperative R&D agreement with the US Army Corps of Engineers to develop graphene oxide-based membranes for use in nanofiltration. The deal with GXT is expected to be closed before April 29, 2021.

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Graphene 3D Lab, Graphene investing and financials, Graphene Oxide