July 4 (Reuters) - Immunoprecise Antibodies Ltd IPA.V :
* Immunoprecise to acquire U-Protein and announces $4 mln financing
* Will acquire all of issued and outstanding shares of U-Protein for EUR 6.8 million
* LOI also requires that three of principal shareholders of U-Protein will enter into a two-year management contract
* Company has also agreed to appoint one of principal shareholders of U-Protein to its board of directors
* Deal to be materially accretive to company's revenue Source text for Eikon: ID:nCNW8ry6ya Further company coverage: IPA.V