Biogena Group Invest AG shareholders approve merger with Biogena Good Vibes AG

Shareholders of Biogena Group Invest AG have unanimously approved a merger plan with its sister company, Biogena Good Vibes AG. Under the terms of the agreement, Biogena Group Invest AG will act as the transferring entity, transferring all assets to Biogena Good Vibes AG, after which the former company will cease to exist as an independent legal entity.

The merger involves a specific share exchange ratio where Biogena Group Invest AG shareholders will receive 0.879197 shares of Biogena Good Vibes AG for every share held. Any fractional shares will be settled via a cash payment of 4.99 per exchange share. To facilitate this exchange, the acquiring company plans a capital increase of up to 3,507,996.00 euros.

The reorganization aims to consolidate previously separate structures into a single operational unit under the umbrella of the acquiring company. Biogena Good Vibes AG recently debuted on the Vienna Stock Exchange in the direct market plus segment.