Superconductor Technologies and Allied Integral United, Inc. (“Clearday”) Announce Merger Agreement

Superconductor Technologies Inc. (STI) (Nasdaq: SCON), a leader in superconducting innovation, reported it entered into a definitive merger agreement with Allied Integral United, Inc. (“Clearday”), a privately-held company dedicated to delivering next generation longevity care and wellness services, whereby a wholly-owned subsidiary of STI will merge with and into Clearday in a stock-for-stock transaction with Clearday. Upon completion of the merger, STI will change its name to Clearday, Inc. The merged company will focus on the development of Clearday’s non-residential daily care service model as well as the continued operation of Clearday’s existing Memory Care America residential memory care facilities.

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Source: http://www.globenewswire.com/news-release/2020/03/03/1994145/0/en/Superconductor-Technologies-and-Allied-Integral-United-Inc-Clearday-Announce-Merger-Agreement.html

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