07:14:15 EDT Wed 08 Jul 2020
Enter Symbol
or Name

Vuzix Corp
Symbol VZX
Shares Issued 263,600,274
Close 2012-06-19 C$ 0.04
Recent Sedar Documents

Vuzix agreement to sell tactical display assets

2012-06-19 21:24 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase agreement, dated June 15, 2012, between Vuzix Corp. and an arm's-length party whereby the company has agreed to sell its tactical display group assets, which include manufacturing equipment, tooling and other fixed assets, certain patents and trademarks, and a licence to various trade secrets. Total consideration received for the sale will be $8.5-million in cash plus an additional $2.5-million earn-out provision if certain quarterly and/or annual revenue milestones are reached by the purchaser within the first year of the agreement.

For further information, please refer to the company's news release dated June 18, 2012.

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