IQAI Iq-ai Limited

TIDMIQAI

RNS Number : 8096J

IQ-AI Limited

18 August 2023

18 August 2023

IQ-AI Ltd

("IQ-AI" or the "Company")

Update on Collaboration Agreement with Mayo Clinic

Further to the RNS dated 8 February 2022, IQ-AI Ltd (LSE: IQAI, OTCQB: IQAIF) announces that the collaboration agreement signed with the Mayo Clinic for the development of IB Trax(TM) has concluded. The working relationship with the Mayo Clinic remains unchanged and will continue. As a corollary of the conclusion of the agreement, and in the spirit of the long-standing and continuing relationship between both parties, The Mayo Foundation has reverted the 396,241 shares previously issued to them per the terms of the agreement, and the Company has agreed with its Broker, Peterhouse Capital, to sell these shares in the market and to donate the entirety of the proceeds to charity.

--ENDS--

The Directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:

 
 IQ-AI Ltd 
  Trevor Brown/Vinod Kaushal/Brett Skelly/Michael Schmainda 
  Tel: 020 7469 0930 
 Peterhouse Capital Limited (Financial Adviser and Broker) 
  Lucy Williams/Heena Karani 
  Tel: 020 7220 9797 
 

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August 18, 2023 07:06 ET (11:06 GMT)

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