Takeover provides a new avenue of funding the next phase of the Mars mission.
Frankfurt, December 2nd, 2016 - Mars One and InFin Innovative Finance AG [FRA:KCC] (“InFin”) are pleased to announce that the InFin shareholders have approved the acquisition of Mars One Ventures PLC (“Mars One Ventures”) by InFin. The acquisition is now only pending approval by the board of Mars One Ventures. The takeover provides a solid path to funding the next steps of Mars One’s mission to establish a permanent human settlement on Mars. Those steps include reducing the remaining 100 astronaut candidates to just 24, as well as continuing the mission design phase with Mars One’s technology suppliers.
In the general assembly meeting earlier today, 18.81% of the InFin shareholders were present in person or by proxy. All shareholders present have voted in favor of the agreement with Mars One. The agreement involves issuing 478,887,500 new shares for purchase of the Mars One Ventures PLC shares, appointing Suzanne Flinkenflögel and Bas Lansdorp to the board and renaming InFin to Mars One Ventures AG. The shareholders have also approved issuing up to 248,497,000 new shares for the capital raise that is currently ongoing.
Professor Moritz Hunzinger, CEO of InFin, says: "The board of InFin has received a strong mandate from its shareholders for the Mars One Ventures takeover. We're looking forward to the exciting new steps that lay ahead."
Bas Lansdorp, CEO and co-founder of Mars One, says “This is a crucial step forward in the acquisition discussions and we’re very pleased with receiving the overwhelming support from the InFin shareholders and the fast pace of the process. The Mars One board will approve the acquisition as soon as possible. Once this deal is completed, we’ll be in a much stronger financial position as we begin the next phase of our mission. Very exciting times!"
About Mars One
Mars One aims to establish a permanent human settlement on Mars. Before carefully selected and trained crews will depart to Mars, several unmanned missions will be completed, establishing a habitable settlement waiting for the first astronauts to arrive.
Mars One consists of two entities: the Dutch not-for-profit Mars One Foundation and a British public limited company Mars One Ventures PLC (Mars One Ventures). The Mars One Foundation implements, and manages the mission and owns the mission hardware. It also selects and trains the crews, and is building an ever growing community of experts and supporters that follow the progress of the mission and contribute to it.
Mars One Ventures holds the exclusive monetization rights around the Mars One mission. There are many revenue possibilities around the mission to Mars: merchandise, ads on video content, broadcasting rights, partnerships, Intellectual Property, events, games, apps, and many more.
For more information about Mars One, please visit www.mars-one.com.
About InFin Innovative Finance
InFin Innovative Finance AG (Basel, Switzerland) provides innovative services within the scope of financing, setting up, building, acquiring, managing and selling companies and participations in companies at home and abroad as well as holding and managing licenses and patents of all kinds. After the completion of the full takeover of Mars One, the company will trade as "Mars One Ventures AG" and henceforth change its business purpose accordingly.
For more information about InFin, please visit infin-innovative.com.