Growhub signs binding term sheet to acquire EnChem America in USD 400 million deal

• Growhub entered a binding term sheet to combine with battery electrolyte materials maker EnChem America via a merger of EnChem with a new Growhub subsidiary.
• EnChem’s equity value was set at a minimum of USD 400 million for the deal.
• EnChem shareholders would hold 85% of the combined company on a fully diluted basis; existing Growhub shareholders would retain 15%.
• The structure contemplates issuing 142,848,176 new shares, taking total shares to 168,147,986 from 25,299,810 pre-closing.
• EnChem can walk away if the 20-day closing VWAP is below USD 4 per share; the term sheet was signed May 28-29, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Growhub Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-026531), on June 01, 2026, and is solely responsible for the information contained therein.