Graphex signs $100 million deal to sell Graphex Technologies to M2i Global
GRFX•Graphex Group signed a definitive agreement to sell its wholly owned Graphex Technologies to M2i Global for $100 million. The consideration includes a $3 million note and three share-payment tranches tied to design acceptance, construction completion and production approval.
1. Sale agreement
M2i Global exercised its option on November 6, 2026, to acquire Graphex Group’s wholly owned Graphex Technologies for $100 million. The parties signed a definitive agreement that day, with closing expected within one month.
2. Staged consideration
At closing, consideration comprises a $3 million note and $27 million in shares priced at $3 each. A further $30 million is payable in shares at $3 each upon acceptance of the plant’s basic design; the final $40 million is payable in shares at $4 each upon construction completion and production approval.
