East 33 Limited (ASX:E33) entered into a binding term sheet agreement to acquire all intellectual property and commercial assets of Oyster Cloud Agritech for AUD 0.48 million on June 9, 2022. The consideration is to be paid in cash in 6 Tranches by December 1, 2024. The transaction has been approved for release by the Board of East 33. The completion of final legal and technical due diligence and anticipated to complete on July 1, 2022.

East 33 Limited (ASX:E33) completed the acquisition of all intellectual property and commercial assets of Oyster Cloud Agritech on July 20, 2022.