Nasdaq listed Molekule Group has entered into a definitive agreement to acquire Aura Smart Air, an Israeli-based company listed on the Tel Aviv Stock Exchange, in an all-stock merger with a value of approximately USD 10 million.

Molekule is an emerging leader in air purification technology solutions, and has the largest range of proprietary and patented, FDA-cleared air purification devices.

Aura was represented by Arnon-Tadmor, Levy Partners David Schapiro and Shiri Shacham and Shai Margalit with associate Or Perel. Aura will retain its technology development offices in Tel Aviv.

Molekule was represented by a Goldfarb Gross Seligman team including Adam Klein, Amir Yariv, Omri Solomon Mey-Tal, Raizel Davidow and Nitzan Aharoni‏ of the International Corporate and Securities Department, Hod Mimun and Jonathan Cohen of the Corporate and Capital Markets Department, Ronen Hausirer, Maya Dagan and Karen Mintz‏ in Intellectual Property, Yaron Sever and Lidor Almasy of the Tax Department, Revital Shprung-Levy and Gadi Shaw-Shahak‏ of the Labor and Corporate Immigration Department, Sagit Shoval-Moked and Yarden Ravivo in Executive Compensation and Shira Gorodetsky and Ravit Asulin-Yoskovich of the Environmental Law and Sustainability Department.

As part of the transaction, Molekule will be dual listed on Nasdaq and TASE.