M2i Global announces $100 million acquisition of Graphex’s U.S. graphite anode assets
M2i Global (MTWO) signed an agreement to buy Graphex Technologies’ U.S. graphite anode business. The transaction totals $100 million in cash and stock, plus a $3 million promissory note due in 2026. The deal includes 30 patents and a plant design capable of 50,000 metric tons per year, with additional stock payments linked to plant design approval and production start‑up.
Why it matters
The acquisition expands M2i’s product line into graphene and North American graphite anodes, a critical mineral for batteries, potentially increasing its market share. The cash‑stock mix and note structure affect MTWO’s balance sheet and future dilution, which investors will monitor as the assets are integrated.
Key facts
- 1M2i Global agreed to acquire Graphex Technologies for $100 million in cash and stock, plus a $3 million note due by 2026. tradingview.com
- 2The purchase includes Graphex’s U.S. graphite anode assets, 30 patents and a plant design for 50,000 metric tons annual capacity. finance.yahoo.com
- 3Additional stock payments are contingent on plant design approval and production commencement. tradingview.com
- 4Graphex Technologies is listed on the Hong Kong exchange under code 6128. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.