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Clearmind Medicine to Acquire Majority Stake in Charging Robotics for $2.5 Million

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Clearmind Medicine (CMND) said Friday it will acquire a 51% stake in Charging Robotics, which develops electric vehicle wireless charging systems for automated parking systems and robotaxi operations, for $2.5 million.

Additionally, the company will extend a $1.5 million loan to Charging Robotics, bearing a 4% rate, upon transaction close, the company said.

The deal is expected to be completed next week, subject to closing conditions, according to a statement.

Shares of Clearmind fell about 23% on Friday.

Price: $1.30, Change: $-0.40, Percent Change: -23.53%

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