Dataram Corporation (DRAM +32%) announced that it had finalized and filed the third and final amendment to its definitive agreement with U.S. Gold Corp. The original agreement was entered into in June 2016.
Under the agreement, Dataram will acquire all of the outstanding shares of U.S. Gold Corp. and USGC subsidiaries.
The transaction is subject to customary closing conditions including regulatory approval and Dataram shareholder approval, and is expected to close by the end of Q117.
CEO Dave Moylan "While there are always risks, and critical activities can sometimes take longer than planned, Dataram remains fully committed to acquiring U.S. Gold as we remain confident that this is a tremendous opportunity for our shareholders".