March 20 (Reuters) - Eyenovia Inc ( EYEN ):

* EYENOVIA ENTERS INTO NON-BINDING LETTER OF INTENT TO

EFFECT

REVERSE MERGER WITH BETALIQ

* EYENOVIA INC ( EYEN ) - PROPOSED TRANSACTION VALUES BETALIQ AT $77

MILLION, EYENOVIA AT $15 MILLION

* EYENOVIA INC ( EYEN ) - BETALIQ EQUITY HOLDERS TO OWN 83.7% OF

COMBINED

COMPANY, EYENOVIA ( EYEN ) 16.3%

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