MDGS - Medigus increases holdings in Gix to 36.7% on a fully diluted basis

Medigus ([[MDGS]] -5.8%) has announced that it exercised all of its rights to convert Linkury shares to Gix Internet shares and was issued 3,954,980 additional ordinary shares of Gix, Medigus holds ~36.7% on a fully diluted basis of Gix outstanding capital.If a new activity is found and leads to a binding agreement and a merger, Gix Internet will examine the possibility of taking Linkury public and/or distributing its shares as a dividend to Gix’s shareholders. In addition, Gix announced, that Linkury has entered into a MOU, for the acquisition of a Co. from the online advertising field.According to Gix's announcement, revenues from this Co., expects to be more than NIS 71M in 2021.

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Medigus increases holdings in Gix to 36.7% on a fully diluted basis