Clearmind Medicine agrees to acquire 51% stake in Israeli wireless EV charging firm
The clinical-stage biotech will pay $2.5 million for majority control of Charging Robotics and extend a separate $1.5 million loan.
Clearmind Medicine Inc. (Nasdaq: CMND) announced on September 4, 2026 that it has entered into a definitive agreement to acquire a 51% stake in Charging Robotics, a company developing intelligent EV wireless charging solutions for automated parking systems and autonomous mobile platforms.1
According to the accompanying Form 6-K, on August 31, 2026 Clearmind signed a Share Purchase Agreement to buy 149 ordinary shares of Charging Robotics, representing 51% of the company's issued and outstanding share capital on a fully diluted basis, for an aggregate purchase price of $2.5 million, or $16,778 per share.1
Charging Robotics' technology is aimed at settings where standard plug-in charging does not work, and the company says its proprietary system can deliver continuous charging up to 10 kW using smart vehicle communication and real-time dynamic energy management, integrating directly into robotic parking platforms and autonomous vehicle workflows without any manual connection or traditional charging stations.1
As a condition of closing, Clearmind will also provide Charging Robotics with a loan of $1.5 million principal, bearing simple interest at 4.0% per annum calculated over a 365-day year.1 The loan's principal and accrued interest come due on the third anniversary of the Loan Agreement's effective date, unless repaid earlier.1 If Charging Robotics lacks sufficient cash flow at that point, the repayment date will automatically extend until cash flow becomes sufficient, with interest continuing to accrue at 4.0% annually during any extension.1 The agreement also allows Charging Robotics to prepay the loan at any time without penalty.1
Clearmind stated that closing of the transaction is targeted for the week beginning September 7, 2026, contingent on customary closing conditions, including execution and funding of the loan.1 The company also noted that because it will gain a controlling interest, the acquisition may qualify as a significant acquisition under SEC Regulation S-X, and it intends to file historical and pro forma financial statements for Charging Robotics if required.1
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.