Polarean, Inc. signed a memorandum of understanding to acquire m2m Imaging Corp. from Amphion Innovations Plc (AIM:AMP) and others on November 5, 2015. The parties entered into a definitive agreement for the proposed merger on May 31, 2017. The transaction consideration will be settled in cash and stock. Following the merger, Amphion will own approximately 26% of the combined merged entity, operational as a newly incorporated entity in the UK named Polarean Imaging Limited. As announced on September 7, 2016, the memorandum of understanding was renewed. As of May 31, 2017, a pre-IPO fundraising in an amount of $2 million was completed clearing the merger to close. Freddy Crossley, Duncan Monteith and Charlie Leigh-Pemberton of Panmure Gordon & Co. plc (AIM:PMR), Patrick Claridge, David Hignell, John Howes and Mark Treharne of Northland Capital Partners Limited acted as broker and Stephen Austin of Plumtree Capital Limited acted as financial advisor to Amphion Innovations. Charles Goodwin and Dominic Barretto of Yellow Jersey PR and Mike Wort and Paul McManus of Walbrook PR acted as PR advisor for Amphion Innovations. Alia Minhas of The Life Sciences Division Limited acted as financial advisor for Amphion Innovations. Polarean, Inc. completed the acquisition of m2m Imaging Corp. from Amphion Innovations Plc (AIM:AMP) and others on May 31, 2017.