Sileon AB (“Sileon” or “the Company”) today announces the termination of the previously disclosed Letter of Intent (“LOI”) with Omnio, originally signed on March 31, 2025. The LOI contemplated a potential merger with Omnio and a directed cash share issue to DDM Debt AB.
Following a period of further evaluation and due diligence, the parties have mutually agreed not to proceed with the proposed transaction. This decision was driven primarily by the complexity of the transaction and limited visibility on timing to closing the transaction, mainly due to regulatory causes, which created challenges for both organizations in moving forward.
“While we believed there was strong potential in this opportunity, we believe this is the best decision for both parties moving forward" said Kent Hansson, Chairman of the board of Sileon
Sileon’s board of directors is actively evaluating potential next steps and financing options to help facilitate a sustainable and successful path forward for the Company. As part of this process, the Board is maintaining a constructive and ongoing dialogue with the company’s principal shareholder.