Zentek Announces Sale of Corporate Court Office
Zentek (Nasdaq: ZTEK, TSXV: ZEN) has announced the sale of its corporate office and laboratory space located at 24 Corporate Court, Guelph, ON. The property will be sold for $2.5 million under an agreement dated April 15, 2025.
As part of the deal, Zentek will lease back the property until January 31, 2026, ensuring uninterrupted operations during the transition period. The company expects to complete the sale around May 15, 2025, with no anticipated disruption to daily operations or staff. The sale is part of Zentek's strategic review of its portfolio and assets to support long-term business goals.
Zentek (Nasdaq: ZTEK, TSXV: ZEN) ha annunciato la vendita del suo ufficio aziendale e del laboratorio situati al 24 Corporate Court, Guelph, ON. La proprietà sarà venduta per 2,5 milioni di dollari secondo un accordo datato 15 aprile 2025.
Come parte dell'accordo, Zentek prenderà in locazione la proprietà fino al 31 gennaio 2026, garantendo operazioni senza interruzioni durante il periodo di transizione. L'azienda prevede di completare la vendita intorno al 15 maggio 2025, senza alcuna interruzione prevista per le attività quotidiane o per il personale. La vendita rientra nella revisione strategica del portafoglio e degli asset di Zentek per supportare gli obiettivi aziendali a lungo termine.
Zentek (Nasdaq: ZTEK, TSXV: ZEN) ha anunciado la venta de su oficina corporativa y espacio de laboratorio ubicado en 24 Corporate Court, Guelph, ON. La propiedad se venderá por 2,5 millones de dólares bajo un acuerdo fechado el 15 de abril de 2025.
Como parte del acuerdo, Zentek arrendará la propiedad hasta el 31 de enero de 2026, asegurando operaciones ininterrumpidas durante el período de transición. La compañía espera completar la venta alrededor del 15 de mayo de 2025, sin interrupciones previstas en las operaciones diarias ni en el personal. La venta forma parte de la revisión estratégica de Zentek de su cartera y activos para apoyar sus objetivos comerciales a largo plazo.
Zentek (나스닥: ZTEK, TSXV: ZEN)는 온타리오주 걸프에 위치한 24 Corporate Court의 본사 사무실 및 실험실 공간 매각을 발표했습니다. 해당 부동산은 2025년 4월 15일자 계약에 따라 250만 달러에 판매될 예정입니다.
계약의 일환으로 Zentek는 2026년 1월 31일까지 해당 부동산을 리스하여 전환 기간 동안 원활한 운영을 보장할 것입니다. 회사는 2025년 5월 15일경 매각을 완료할 예정이며, 일상 업무나 직원에 대한 중단은 없을 것으로 예상합니다. 이번 매각은 장기적인 사업 목표를 지원하기 위한 Zentek의 포트폴리오 및 자산 전략 검토의 일부입니다.
Zentek (Nasdaq : ZTEK, TSXV : ZEN) a annoncé la vente de ses bureaux corporatifs et de son laboratoire situés au 24 Corporate Court, Guelph, ON. La propriété sera vendue pour 2,5 millions de dollars selon un accord daté du 15 avril 2025.
Dans le cadre de cet accord, Zentek louera le bien jusqu'au 31 janvier 2026, assurant ainsi la continuité des opérations durant la période de transition. La société prévoit de finaliser la vente aux alentours du 15 mai 2025, sans interruption prévue des activités quotidiennes ni du personnel. Cette vente s’inscrit dans le cadre de la revue stratégique du portefeuille et des actifs de Zentek pour soutenir ses objectifs commerciaux à long terme.
Zentek (Nasdaq: ZTEK, TSXV: ZEN) hat den Verkauf seines Firmenbüros und Laborraums in der 24 Corporate Court, Guelph, ON, bekannt gegeben. Die Immobilie wird gemäß einer Vereinbarung vom 15. April 2025 für 2,5 Millionen US-Dollar verkauft.
Im Rahmen des Vertrags wird Zentek die Immobilie bis zum 31. Januar 2026 zurückmieten, um einen unterbrechungsfreien Betrieb während der Übergangszeit zu gewährleisten. Das Unternehmen erwartet, den Verkauf um den 15. Mai 2025 abzuschließen, ohne dass es zu Betriebs- oder Personalunterbrechungen kommt. Der Verkauf ist Teil der strategischen Überprüfung von Zenteks Portfolio und Vermögenswerten zur Unterstützung langfristiger Unternehmensziele.
- Sale of property generates $2.5 million in cash proceeds
- Leaseback arrangement ensures operational continuity
- Loss of owned real estate asset
- Additional future expenses from lease payments
- Potential relocation costs after January 2026
GUELPH, ON / ACCESS Newswire / April 17, 2025 / Zentek Ltd. ("Zentek" or the "Company") (Nasdaq:ZTEK)(TSXV:ZEN), announces that, as part of a strategic review of its portfolio and assets to support long-term business goals, it has entered into an agreement of purchase and sale (the "APS") dated April 15, 2025, for the sale of its property located at 24 Corporate Court, Guelph, ON N1G 5G5 (the "Property") which houses Zentek's corporate office and laboratory space.
Under the terms of the APS, the Buyer will pay the Company an aggregate purchase price of
Completion of the sale of the Property is expected to occur on or around May 15, 2025.
About Zentek Ltd.
Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the Company's commercial partners a competitive advantage by making their products better, safer, and greener.
Zentek's patented technology platform ZenGUARD™, is shown to significantly increase the bacterial and viral filtration efficiency for surgical masks and aims to do the same for HVAC (heating, ventilation, and air conditioning) systems. Zentek's ZenGUARD™ production facility is in Guelph, Ontario.
For further information:
Ryan Shacklock
Senior VP, Strategy & Business Development
Email: rshacklock@zentek.com
Phone: 306-270-9610
To find out more about Zentek, please visit our website at www.Zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR+ profile at http://www.sedarplus.ca/.
Forward-Looking Statements
This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Zentek Ltd.
View the original press release on ACCESS Newswire
FAQ
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