Beyond Medical Technologies Inc. (OTCPK:MICW.F) entered into a letter of intent to acquire Kayan Health Limited for CAD 6 million on January 13, 2021. The consideration is payable in shares of Beyond Medical Technologies. Pursuant to the terms, CAD 4 million in shares is payable at closing and remaining CAD 2 million in shares will be payable upon achievement of performance milestones. Post-completion, Kayan Health will become a wholly-owned subsidiary of Beyond Medical Technologies. Post-completion, Beyond Medical Technologies will appoint two nominees of Kayan Health in its board. The transaction is subject to certain closing conditions including, without limitation, completion of customary due diligence, negotiation and execution of a definitive agreement on or before April 30, 2021 and receipt of all required regulatory and the third party approvals. Beyond Medical Technologies Inc. (OTCPK:MICW.F) cancelled the acquisition of Kayan Health Limited on June 7, 2021.