Syla Technologies completed the acquisition of common shares of Riberesute which the Company had previously announced on November 15, 2023. On January 12, 2024, pursuant to the agreement entered into by SYLA and Riberesute on November 15, 2023, Syla concluded the acquisition of 2,158,800 shares of Riberesute common stock from Riberesute’s largest shareholder and other shareholders. As the result of the Share Acquisition, the Company’s ownership interest in Riberesute became 20.39% of the total number of outstanding shares as of the end of May 2023, positioning Syla as the largest shareholder in Riberesute.
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