Aeroclean technologies and molekule announce the close of all-stock merger

Palm beach gardens, fla., jan. 12, 2023 (globe newswire) -- aeroclean technologies (“aeroclean”) (nasdaq: aerc), an air hygiene technology company, and molekule, inc. (“molekule”), a market leader for premium air purifiers, today have successfully completed the all-stock merger transaction that was announced on october 3, 2022 (the “merger”). under the terms of the merger, aeroclean stockholders now own approximately 50.5%, and molekule stockholders own approximately 49.5%, of the outstanding shares of common stock of the combined company. effective at 9:00 a.m. eastern time on january 12, 2023, aeroclean changed its name and ticker symbol to molekule group, inc. (nasdaq: mkul).
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