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 propriet脿 sar脿 venduta per 2,5 milioni di dollari secondo un accordo datato 15 aprile 2025.
Come parte dell'accordo, Zentek prender脿 in locazione la propriet脿 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 attivit脿 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 vender谩 por 2,5 millones de d贸lares bajo un acuerdo fechado el 15 de abril de 2025.
Como parte del acuerdo, Zentek arrendar谩 la propiedad hasta el 31 de enero de 2026, asegurando operaciones ininterrumpidas durante el per铆odo de transici贸n. La compa帽铆a 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 revisi贸n estrat茅gica de Zentek de su cartera y activos para apoyar sus objetivos comerciales a largo plazo.
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Zentek (Nasdaq : ZTEK, TSXV : ZEN) a annonc茅 la vente de ses bureaux corporatifs et de son laboratoire situ茅s au 24 Corporate Court, Guelph, ON. La propri茅t茅 sera vendue pour 2,5 millions de dollars selon un accord dat茅 du 15 avril 2025.
Dans le cadre de cet accord, Zentek louera le bien jusqu'au 31 janvier 2026, assurant ainsi la continuit茅 des op茅rations durant la p茅riode de transition. La soci茅t茅 pr茅voit de finaliser la vente aux alentours du 15 mai 2025, sans interruption pr茅vue des activit茅s quotidiennes ni du personnel. Cette vente s鈥檌nscrit dans le cadre de la revue strat茅gique du portefeuille et des actifs de Zentek pour soutenir ses objectifs commerciaux 脿 long terme.
Zentek (Nasdaq: ZTEK, TSXV: ZEN) hat den Verkauf seines Firmenb眉ros und Laborraums in der 24 Corporate Court, Guelph, ON, bekannt gegeben. Die Immobilie wird gem盲脽 einer Vereinbarung vom 15. April 2025 f眉r 2,5 Millionen US-Dollar verkauft.
Im Rahmen des Vertrags wird Zentek die Immobilie bis zum 31. Januar 2026 zur眉ckmieten, um einen unterbrechungsfreien Betrieb w盲hrend der 脺bergangszeit zu gew盲hrleisten. Das Unternehmen erwartet, den Verkauf um den 15. Mai 2025 abzuschlie脽en, ohne dass es zu Betriebs- oder Personalunterbrechungen kommt. Der Verkauf ist Teil der strategischen 脺berpr眉fung von Zenteks Portfolio und Verm枚genswerten zur Unterst眉tzung 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 / / 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鈩�, 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鈩� production facility is in Guelph, Ontario.
For further information:
Ryan Shacklock
Senior VP, Strategy & Business Development
Email: [email protected]
Phone: 306-270-9610
To find out more about Zentek, please visit our website at . A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR+ profile at .
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.
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FAQ
How much is Zentek (ZTEK) selling its Corporate Court office for?
When will Zentek (ZTEK) complete the sale of its Guelph property?
Will the Corporate Court property sale affect Zentek's operations?
What is the purpose of Zentek's property sale?
