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Test Name : IBM Tivoli Storage Manager V6.3 Administration
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HOD HASHARON, Israel, Feb. sixteen, 2021 /PRNewswire/ — Wize Pharma, Inc. (OTCQB: WIZP), a scientific-stage biopharmaceutical enterprise concentrated on the medication of ophthalmic issues, today announced that it has declared its in the past announced off-market takeover present (“offer”) for all the ordinary shares in Cosmos Capital restricted, a number one digital infrastructure provider based mostly in Sydney, Australia (“Cosmos”), free from the entire circumstances set out within the offer and, hence, the offer has become unconditional. a proper be aware of the unconditionality of the offer, as required beneath part 650F of the companies Act 2001 (Australia), is attached as Annexure A beneath.

based on, amongst others, counsel provided by using Automic Pty Ltd., the depositary for the offer, holders of approximately ninety four.5% of Cosmos shares, approved (or undertook to accept) the offer as of seven.00pm (Sydney time) on February 15, 2021. accordingly, and given that the minimum acceptance circumstance of ninety% changed into pretty much satisfied, Wize has determined to declare the present unconditional and plans to consummate the transactions pondered by means of the Bid Implementation contract between Wize and Cosmos, dated December 30, 2020 (as amended, the “BIA”) on or about March 9, 2021 (the “BIA Closing”).

The present will presently stay open for acceptance unless 7.00pm (Sydney time) on March 11, 2021 (but Wize may determine to lengthen such duration, even after the BIA Closing, with the intention to enable further Cosmos shareholders to accept the present). Wize strongly encourages all last Cosmos shareholders to accept the offer.

Noam Danenberg, CEO of Wize, cited, “we are very blissful that holders of virtually all Cosmos shares have approved Wize's off-market takeover present. They strongly accept as true with the transaction will maximize price for shareholders of both Wize and Cosmos and they look forward to the closing of the transaction earlier than the conclusion of the primary quarter.” 

James Manning, CEO and founding father of Cosmos, commented, “This shareholder acceptance brings Cosmos one step nearer to being a publicly traded company as blockchain know-how and cryptocurrencies continue to benefit value and awareness each in business and the capital markets.”

About Wize Pharma

Wize Pharma, Inc. is a scientific-stage biopharmaceutical enterprise at the moment concentrated on the remedy of ophthalmic problems, together with dry eye syndrome (DES). Wize has in-licensed certain rights to buy, market, promote and distribute a method called LO2A, a drug developed for the remedy of DES, and other ophthalmological ailments, including CCh and Sjögren's syndrome (Sjögren's).

Wize these days pronounced topline consequences from its part IV clinical trial of LO2A for the symptomatic treatment of DES in patients with Sjögren's syndrome, through which LO2A met its primary endpoint of non-inferiority vs. comparator. LO2A proven clinically meaningful improvement in each the signals and signs of DES in patients littered with Sjögren's. A numeric knowledge was evident in each the indications and symptoms of DES for patients using LO2A vs. the comparator in the subgroup of sufferers with primary Sjögren's.

LO2A is at the moment registered and marketed with the aid of its inventor in Germany and Switzerland for the remedy of DES, in Hungary for the remedy of DES, CCh and Sjögren's and in the Netherlands for the remedy of DES and Sjögren's.

About Cosmos Capital

Cosmos Capital is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset management. Headquartered in Sydney, Australia and working across the USA and Australia, Cosmos' mission is to build a bridge between the rapidly emerging digital asset trade and standard capital markets, with a powerful focal point on shareholder returns. Cosmos suits energy infrastructure with next-generation cellular information centre options, enabling the proliferation of blockchain expertise. Cosmos is an unlisted Australian public enterprise.

ahead looking Statements  

Wize cautions you that statements in this press release that don't seem to be an outline of historical fact are forward-searching statements in the that means of the deepest Securities Litigation Reform Act of 1995. forward-looking statements could be identified by means of phrases referencing future hobbies or situations reminiscent of “are expecting,” “intend,” “plan,” “assume,” “accept as true with,” and “will,” among others. as an example, after they discuss the expected closing of the present and the BIA, they are the use of a forward-searching remark. as a result of such statements are discipline to hazards and uncertainties, exact results may differ materially from these expressed or implied via such ahead-looking statements. These forward-looking statements are primarily based upon Wize's existing expectations and involve assumptions that may additionally on no account materialize or may also prove to be improper. genuine effects and the timing of movements might range materially from those expected in such forward-searching statements because of quite a lot of hazards and uncertainties, which encompass, devoid of quandary, the possibility that they are going to not consummate the transactions with Cosmos or, if they do consummate such transactions, that we'll not receive the advantages they planned to obtain from such transactions; the possibility that Wize will enter right into a transaction with respect to its LO2A business which will sooner or later advantage holders of the CVRs; their expectations related to the capitalization, materials and ownership constitution of the publish-closing mixed enterprise; the character, method and focal point of the put up-closing combined company; the executive officer and board structure of the submit-closing combined business; and the expectations involving acceptance of the present by way of the Cosmos shareholders. more specified guidance about the hazards and uncertainties affecting Wize is contained below the heading “chance components” covered in Wize's Annual file on form 10-k filed with the SEC on March 30, 2020, and in different filings that Wize has made and can make with the SEC in the future. Wize and/or Cosmos can also no longer in fact consummate the proposed transaction, or any plans or product development dreams in a well timed manner, if in any respect, or in any other case carry out the intentions or meet the expectations or projections disclosed in their forward-searching statements, and also you should now not place undue reliance on these ahead-looking statements, which communicate best as of the date on which they had been made. because such statements are discipline to hazards and uncertainties, specific effects may additionally vary materially from these expressed or implied through such forward-looking statements. Wize and Cosmos undertake no duty to update such statements to reflect activities that turn up or circumstances that exist after the date on which they were made, except as could be required by way of law.

The contents of any web page or hyperlinks outlined in this press unlock are for informational applications and the contents thereof are not part of this press liberate.

For all investor enquiries, please contact:Or EisenbergChief monetary Officer+972-seventy two-260-0536or@wizepharma.com

logo – https://mma.prnewswire.com/media/687831/Wize_Pharma_Logo.jpg

 

Annexure A

Cosmos Capital confined ACN 636 458 912

 present for common shares by means of Wize Pharma, Inc

be aware under area 650F of the organisations Act 2001

Wize Pharma, Inc (Wize) has made offers beneath an off-market takeover bid (offers) for the entire regular shares in Cosmos Capital limited ACN 636 458 912 (Cosmos). The offers are contained in Wize's bidder's remark dated 1 February 2021 (Bidder's observation).

Wize gives note under area 650F(1) of the companies Act 2001 (Cth), declaring that each of these offers and each contract formed with the aid of the acceptance of those offers are free from every of the situations contained in section 12 of the Bidder's statement.

on the date of this note the vote casting energy of Wize in Cosmos turned into approximately 94.fifty six%.

Dated: sixteen February 2021

For and on behalf of Wize Pharma, Inc

Cision View common content material:http://www.prnewswire.com/information-releases/wize-pharmas-takeover-present-for-cosmos-capital-declared-unconditional-301228914.html

supply Wize Pharma, Inc.


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