Hologic Hub Ltd intends to file a draft simplified tender offer to acquire the remaining 19.33% stake in SuperSonic Imagine SA (ENXTPA:ALSSI) for € 7million on February 16, 2021. Under the terms, offer price is €1.50 per share. Mandatory squeeze-out may also follow if required. In related transaction, SuperSonic Imagine SA contemplates to proceed with a motivated by losses reduction of the share capital to zero followed by a capital increase of an amount of €59 million. Under the terms, the shareholders of SuperSonic Imagine may either - take part in the share capital increase or decide to take part in the tender offer. All existing shares will be cancelled as part of the capital reduction to zero, only those shareholders who participate in the capital increase will then retain a stake in SuperSonic Imagine. If the threshold of 90% of the share capital and voting rights were to be crossed following the settlement and delivery of the simplified tender offer, Hologic Hub Ltd has stated its intention to request the implementation of a mandatory squeeze-out procedure of SuperSonic Imagine's shares in accordance with the conditions required by applicable laws and regulations, mandatory squeeze-out procedure could be carried out before the implementation of the share capital reduction and increase operations.

The transaction remains subject to the approval of SuperSonic Imagine SA shareholders at the combined general shareholders' meeting, the granting, if applicable, of a waiver by the AMF to Hologic Hub Ltd., pursuant to article 234-9 2° of its General Regulations, on the obligation to file a tender offer relating to the SuperSonic Imagine's shares, after the recapitalization operations, following the crossing of a threshold triggering such mandatory filing following the share capital reduction and increase operations, and the AMF's approval on the prospectus which will be filed by the SuperSonic Imagine. Combined general shareholders' meeting will be held on March 26, 2021 with shareholders being able to attend in person. As of April 15, 2021, the tender offer will commence on April 15, 2021 to April 30, 2021. Olivier Grivillers of Crowe HAF, Investment Banking Arm acted as fairness opinion provider to SuperSonic Imagine SA.