Synageva merged with Trimeris, which was acquired by Alexion for more than $8.4 billion. On June 7, 2019, Edesa Biotech, Inc., a private Canadian biotech company, completed a business combination pursuant to a share exchange transaction with Stellar Biotechnologies, Inc. There is usually a concurrent financing designed to give the new public company needed liquidity. Sanofi will invest EUR300M (approx. It costs much less to perform a reverse merger versus an IPO, perhaps as much as 5 to 10 times less. Financials based on disclosed figures through 6/11/2019. $PLPL closed at .0013 which is the NHOD. Puriblood Medical Co., Ltd. [Taipei Exchange], develops and sells blood cell separation products including its leukocyte reduction filters for red blood cells, platelets, and whole blood, as well as real-time filtration sets for whole blood. The all-stock reversal of Lumos will see the private group's investors get their hands on this cash pile, as current Newlink holders are proposing to give away a 50% equity interest. To reverse the trend, the Biotechnology Task Force maintains that New Jersey needs to take a comprehensive approach to fostering . The primary advantage for a company to pursue a reverse merger instead of an IPO is the avoidance of the onerous IPO process, which is lengthy and costly. PLPL historically had a massive debt problem, 2 years ago there was over $20 million in liabilities on the books, many of them convertible that has all be cleared out now leaving Plandai virtually debt free. Currently trading at a $9 million market valuation, has 7,006,411,205 shares outstanding and 5,176,257,801 shares currently in the float. An IPO may take 6-9 months or longer, and costs more money. A reverse merger involves a public company issuing new shares to acquire a private company, whose shareholders typically take control of the public company, gaining the listing and cash to pursue a business plan that has better prospects than those of the public company on its own. Microcapdailywill becoveringPlandai / Puriblood RM as it happens so make sure you subscribe toMicrocapdailyright now so you dont miss it. Chondrial Therapeutics Inc. has gone public through a reverse merger and struck a financing deal that will fund the biotechnology startups efforts to develop a drug for a rare disease with no approved treatment. Thereafter, it must comply with Securities Exchange Act reporting requirements and meet applicable SOX requirements. Phoenix Biotech Acquisition Corp. PBAX is a blank-check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business . EisnerAmper LLP is a licensed independent CPA firm that provides attest services to its clients, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services to their clients. Shares of NantKwest were up more than 27% in premarket trading after the company announced a stock-for-stock reverse merger with privately-held ImmunityBio to create a leading immunotherapy and cell therapy company focused on oncology and infectious disease.. Biotech entrepreneur Patrick Soon-Shiong, who founded both companies and currently serves as chief executive officer of ImmunityBio . Chris Dokomajilar is the Founder / CEO of DealForma and has been an industry analyst for over a decade. Oct 27, 2022 01:25pm. At this stage in their life cycle, such companies typically either invite interest from would be reverse-acquirers, possibly engaging a financial advisor to assist in the process, or else are the recipients of unsolicited interest from private companies wishing to go public.. Reverse merger stocks can be more explosive than biotechs when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. With thousands of company profiles and a decade of deals specifically in biopharma and medtech, you'll take the guesswork out of deal comps. Instead, reverse-merger participants typically share their mutually-accepted valuations of each involved party within the press release announcing the merger. CAMBRIDGE, Mass. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. And in the world of biotechnology, failure is more frequent than in other industries where firms typically generate revenue and/or profits before seeking a stock exchange listing. You scrolled all the way here. In addition, the company is in the process of engaging a PCAOB audit firm to complete a two-year audit of the company as part of an effort to file registration statement with the SEC. Puriblood is a U.S. registered trademark of Puriblood Medical Co., Ltd. Put simply, a reverse merger is when a private company becomes public through a merger with or acquisition of a public company. Simply becoming an SEC filer would triple the market cap of, as it happens so make sure you subscribe to, Guskin Gold Corp (OTCMKTS: GKIN) Breaking Out Northbound as Gold Miners 70% Stake in Kukuom Gains Traction, Innovation Pharmaceuticals Inc (OTCMKTS: IPIX) Breaking Out as Biotech Reports Brilacidin Inhibits Omicron, Delta, Gamma and Alpha SARS-CoV-2 Variants Based on In Vitro Testing, Performance Drink Group (OTCMKTS: PDPG) Under Accumulation as New Controlling Shareholders Affect 300 million Share Reduction, Cosmos Holdings Inc (NASDAQ: COSM) Mammoth Short Squeeze Rising Fast as CEO Grigorios Siokas Buying More (COSM Rapid Growth Through Acquisition), Global Developments, Inc., (OTCMKTS: GDVM) Blue Sky Breakout as VeeMost Reverse Merger Achieves 4th Advanced Specialization, Meta Materials Inc (OTCMKTS: MMTLP) Short Squeeze is ON as FINRA Approves Corporate Action, DTC Notifying Brokers; Effective Date is Tuesday December 13. EisnerAmper LLP and Eisner Advisory Group LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conductand applicable law, regulations and professional standards. With only $51m in the bank perhaps Forte's short public existence will end the way it began, with the company becoming a reverse merger target itself. Sanofi will receive $900M up front and is eligible to receive up to a $100M milestone upon the first approval by either the FDA or EMA for Libtayo in combination with chemotherapy for first-line treatment of certain patients with NSCLC and up to $100M as a sales milestone in the next two years, plus 11% royalties. It concludes that the economic recession, corporate mergers, and patent expirations have all slowed innovation in New Jersey. Yes, I would like to receive emails from Gilmartin Group. 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In reality, some public companies fail. However, the biotech company's investments in private companies makes it difficult for investors to . Over 100,000 Investors Can't be Wrong, PUBLISH ARTICLE ON MICROCAPDAILY ON YOUR FAVORITE STOCK. Lordstown Motors is the latest high-profile company that plans to go public by merging with a special purpose acquisition company or SPAC. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. . Xconomy Texas . All rights reserved. Our use of the terms our firm and we and us and terms of similar import, denote the alternative practice structure conducted by EisnerAmper LLP and Eisner Advisory GroupLLC. Dive Insight: Current market conditions are preventing many private biotech companies from going public, but where there's a will, there's a way. ProText Mobility, Inc exploded after the announcement of a reverse merger deal. In such cases, clinical data can fill the validation deficit that might otherwise have been filled by financial sponsors as part of a traditional IPO. 03, 2019 11:23 AM ET Fresh Tracks Therapeutics, Inc. (FRTX) By: Vandana Singh, SA News Editor 3 Comments Vical slips (VICL -13.1%) as the. Trust is an important asset for development stage biotechs since they depend on the public markets for their lifeblood: funding. He analyzed the data and produced the table for this article. As a result, several industry analysts are forecasting continued strong growth in technologies and products designed for this market. Simply becoming an SEC filer would triple the market cap of Plandai or more. The entities falling under the EisnerAmper brand are independently owned and are not liable for the services provided by any other entity providing services under the EisnerAmper brand. There have been quite a few successful reverse mergers, and this seems to be the path that many biotech companies at earlier stages of development seem to be taking in order to enter the public markets. This could mean you are invited to fewer healthcare conferences that you might otherwise have been, which will likely affect you access to investors and how well your story is understood. Reverse merger stocks can be more explosive than biotech's when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. We have seen many that work out extremely well, but this too comes with risks. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up now for our 100% FREE Penny Stock Newsletter. Cancer drug developer Oncternal Therapeutics will become publicly traded, under terms of a reverse merger announced Thursday. Having a public market to trade in the stock even after a seasoning period (versus a private, totally illiquid market) is appealing to investors. As we have been saying reverse merger stocks can be more explosive than biotechs when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. As such, there always seem to be a slew of biotechs, usually after a negative data event has undermined the value of a companys development pipeline, whose principal or even sole asset is their NASDAQ, OTC or NYSE listing. Market conditions play much less of a role in reverse mergers. Amryt shareholders could receive further payouts . Not having a syndicate of bankers when you go public will affect your life as a public company. Although no two reverse mergers are the same (a banker intimately involved in such transactions once commented to me: Once youve seen one reverse-merger, youve seen one.), going public by means of a reverse-merger comes with a lot of disadvantages. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Bankers are also a key source of intelligence for public companies and reverse-merger companies typically find themselves underbanked versus their traditional IPO peers. Private-equity firm Deerfield Management Co.-backed Chondrial on Friday completed a merger with biotech concern Zafgen Inc. The combined company, called Edesa Biotech, Inc., commenced trading on the Nasdaq Capital Market on June 10, 2019 under the symbol "EDSA". On the Closing Date, pursuant to the terms of the Agreement, INNO acquired all of the . 2. In a reverse merger, a private company acquires a publicly listed company. Reverse-mergers typically make more sense for biotechs whose assets are further along in development. Orion granted MSD rights to co-develop and co-commercialize ODM-208 for the treatment of metastatic castration-resistant prostate cancer. The commission on Monday sent a "statement of objections" outlining the process Illumina must follow in divesting Grail, its blood-testing spinoff founded in 2016. IGM will receive $150M up front and is eligible to receive up to $6.015B in regulatory and commercial milestones, which includes $940M for each of 3 cancer targets and $1.065B for each of 3 immunology/inflammation targets. Make that two biotech reverse mergers in one day Arsalan Arif Founder Natasha Giordano, PLx Hot on the heels of a reverse merger between Tokai and Otic, Dipexium $DPRX announced that it. . Contact us here or on Twitter @DealFormato chat about this. Puribloods core blood purification filters reduce up to over 99% of leukocytes, in substantially less time, with minimal blood loss, while retaining a high level of red blood cells (where a higher number of red blood cells retained is desirable). . Lastly, undertaking a reverse merger is a bit like missing out on a giant party held especially for you, at which you are the center of attention. What is wrong with this company that they werent ABLE to go public via a traditional IPO? As such, there always seem to be a slew of biotechs, usually after a negative data event has undermined the value of a Biopharmx Shareholders Approve Reverse Merger With Timber Pharma Biopharmx Corp BPMX announced that all proposals related to its proposed merger with Timber Pharmaceuticals were approved by. The costs to public companies to meet SEC-reporting requirements. While the parties have agreed to non-binding terms in a letter outlining their intentions, the transaction has not yet been consummated, and there is no assurance that any such transaction will ultimately close. However, a reverse merger can promise you that. Plandai Biotechnology Inc (OTCMKTS: PLPL) continues to move northbound in recent trading moving up another 44% on Friday alone. Plandai continues its due diligence and discussions pertaining to the possible licensing deal with Puri Blood, as well as other acquisition opportunities. 2022 Eisner Advisory Group LLC. Dr. Plandai Biotechnology Inc (OTCMKTS: PLPL) is a publicly quoted shell company domiciled in Nevada seeking to create value for its shareholders by merging with another entity with experienced management and opportunities for growth. IPOs are typically the final step in a sequence of (initially private) financings that slowly crystallize the value management creates through the development of a companys pipeline. The Companys intellectual properties were the result of research and development endeavors with North-West University in Potchefstroom, South Africa, and the Companys former Senteeko Tea Estate located in Mpumalanga, South Africa. The business model of a SPACE or Special Purpose Acquisition Company, also known as a "blank check," is similar but not identical to that of reverse mergers. Could Go Up 348% In Days A reverse merger is a way for private companies to go public, and while they can be an excellent opportunity for investors, they also have certain disadvantages. The global leukapheresis market is primarily driven by solid growth in voluntary blood donations, rising incidence of hematologic diseases, such as leukemia, and an aging population in many countries. By undertaking a reverse merger, a company bypasses this valuation system. On October 8, INNO effectuated a Merger which resulted in Unique Logistics Holdings, Inc., a logistics services company that provides a range of international services that enable its customers to outsource to it sections of their supply chain process. In addition, the company is in the process of engaging a PCAOB audit firm to complete a two-year audit of the company as part of an effort to file registration statement with the SEC. Survey: Executives Doubling Down on Technology Investment for 2022, EisnerAmpers 2021 National Virtual Summit to Focus on Transformation Nation Driving Intelligent Growth, EisnerAmper Announces Investment by TowerBrook Capital Partners. In addition, without a continuum of views on your stock its possible your secondary market liquidity could also suffer. Simply becoming an SEC filer would triple the market cap of Plandai or more. DealForma is the biopharma database providing you comprehensive information and dedicated analyst support to help you be more confident using quality data in your business development research. Cougar Biotechnology raised $47.5 million and was sold to Johnson & Johnson for $1 billion. $5.40) per share in Innovent common stock. They sound like big numbers but PLPL is trading at $0.0013. Operational and financial control then rests with the private company leadership. M&A and Reverse Mergers. We have since developed an industry-leading healthcare SPAC practice acting as sponsor, underwriter and M&A advisor. $81.7M) in development milestones plus royalties for SAR408701, while Innovent is eligible to receive EUR60M (approx. Are Reverse Mergers A Good Way for Biotechs to Go Public? These types of so-called blank check or reverse merger . The combined company, based in Bala Cynwyd, Pa., is called Larimar Therapeutics Inc. NDL will issue shares to HLF shareholders & NDL Capital will rise to shares of . Prometheus' lead therapy in its pipeline is IBD drug PRA023. Currently trading at a $9 million market valuation Plandai has 7,006,411,205 shares outstanding and 5,176,257,801 shares currently in the float. - Synlogic Commences Trading on NASDAQ Capital Market under Ticker Symbol "SYBX" - Combined Company has Approximately $100 Million in Cash and Cash Equivalents Following Transaction Close - Company Strengthens Board of Directors with addition of Michael Powell, Ph.D., and Richard Shea. The incentive for the private company, however, is that the new entity is publically traded and has access to the capital markets. Yumanity Therapeutics, a Boston-based developer of brain drugs, announced Monday plans to offload its remaining research assets and enter into a reverse merger, effectively ending its run as an independent biotechnology company. Additionally, Sanofi and Innovent will co-develop SAR444245 for the treatment of multiple cancer drugs. ViewRay raised $26.7 million. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The San Diego-area medtech is planning to combine with New Jersey-based Catheter Precision in what the pair has dubbed a reverse merger, according to a Monday announcement. Formerly GPC Biotech AG. https://www.wsj.com/articles/biotech-startup-larimar-therapeutics-reverse-merges-onto-nasdaq-11590789888. But Edesa, a private Canadian company based in Toronto, will become a wholly owned subsidiary of Stellar. by DealForma Analysts | Oct 3, 2022 | Deal of the Month. Following a conversation over on Twitter (thanks,@syinvesting), we used the DealForma deals database to generate a quick list of 91 reverse mergers with biotechnology, medical device, and diagnostics companies since 2008. Either way the logic is simple. by DealForma Analysts | Feb 10, 2022 | Deal of the Month. Sanofi granted Regeneron exclusive, worldwide rights to develop and commercialize Libtayo for the treatment of cancer. Leadership may not have a comprehensive understanding of the publicly traded market, and the company may not have the appropriate personnel and controls in place. then enact a reverse merger with Seattle biotech Kineta Inc. Our team is looking forward to completing our due diligence process and ultimately closing on this transaction.. Without a pack of covering analysts, its possible that any good news you report is either misunderstood or incorrectly valued by the market. Chris Dokomajilar is the Founder / CEO of DealForma and has been an industry analyst for over a decade. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. If the shell entity is SEC-registered, the private company does not have to go through governmental review. For the private biotech interested in a reverse merger, the public entity should possess some cash that can be used for research and product development; no major red flags, such as litigation; agreement and clarity on the new leadership structure; and a company structure that can integrate technology and reporting systems. Technically, the public company is acquiring the private company, hence the 'reverse' part. The European Commission has now recommended concrete steps that, while not yet final, would require Illumina to "swiftly" reverse its controversial $7.1bn acquisition of Grail. NEW YORK and SOUTH SAN FRANCISCO, Calif., Nov. 8, 2021 /PRNewswire/ --. Here are a few possible downsides to going the reverse-merger route: As someone whos been involved in a fair share of reverse mergers or with companies that had previously completed a reverse merger, my best advice for biotechs considering a reverse merger is (1) consider reversing into a company that has never actually been a shell; (2) if it must be a shell, do your due diligence; try to ensure it has cash and/or is already trading and has a broad shareholder base; and (3) assuming its a private company, also consider a Reg A+ as an alternative to a reverse merger," says Jeff Eliot Margolis, President of Aurora Capital LLC. Stage represents the private biopharma at signing. In its most simple form, a reverse merger involves a privately held company becoming public by acquiring a controlling interest in a publicly listed company with limited operations (failed programs or platform) or limited assets . Life Sciences Reverse Mergers into Listed Operating Companies October 2020 Anna Pinedo Mayer Brown LLP apinedo@mayerbrown.com +1 212 506 2275 Brian Hirshberg . by DealForma Analysts | May 10, 2022 | Deal of the Month. Total M&A deal values of biopharma therapeutics and platforms, diagnostics, and medtech companies dropped 26 percent to $190.9 billion, after steadily rising for three years running, while the total number of acquisitions, acquisition options, and reverse mergers continued to rise reaching 384 completed or active deals, up 10 percent from 2019. The SEC issues a bulletin warning about the dangers of investing in reverse merger stocks -- clearly motivated by the Chinese stock fraud scandal. In a challenging year for biotechs planning to go public, the reverse merger gives Disc an alternative route to Wall Street, while a concurrent round of financing hands it access to new funds. $306.6M) in Innovent up front at HK$42.42 (approx. Chardan has been a leader in SPACs since 2004, and in 2018, pioneered the use-case of SPACs for biotech companies. 22 Advisory Firms Shaping Biotech Mergers. Oct 21, 2022 11:40am. The new entity generally has low trading volumes and investor liquidity issues. There may be higher company valuation in a reverse merger. The private company must be honest with itself as to both why it wants to be publicly traded and why acquiring a distressed public company would be a good, long-term strategy. Under the acquisition terms Aegerion will reverse into Amryt in a takeover valuing the companies at $190.7 million and $120 million respectively. He analyzed the data and produced the table for this article. There are, of course, examples of successful reverse-mergers in the biotech world, but I would argue they typically create an uphill battle for management in their first year of being a public company. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Many companies are seeking alternatives to the traditional IPO, and considering merging into a SPAC, or a reverse merger. by DealForma Analysts | Aug 22, 2022 | Deal of the Month. by DealForma Analysts | Mar 10, 2022 | Deal of the Month. Altamira finds buyer for Zilentin inner ear unit so Swiss biotech can go all-in on RNA. Shares of Stellar Biotechnologies Inc ( NASDAQ:SBOT) spiked Friday in the wake of its announcement of a reverse merger with Edesa Biotech, a private Canadian biotech, that will create a company focused on dermatological and gastrointestinal therapies. Under the terms of the proposed agreement, the current holder of the worldwide rights, exclusive of Taiwan, Jessie Chiang, via entities she controls, will license to Plandai the exclusive rights to the Puriblood technology for North, Central, and South America for a period of 30 years. INNO Unique Logistics Holdings Reverse Merger. Due to some questionable deals, the SEC has taken a greater role in reverse mergers. Do You Want Stocks That Also in 2011, the SEC passed rules prohibiting a reverse merger company from applying to list until it completes a one-year seasoning period by trading in the U.S. over-the-counter market or on another regulated U.S. or foreign exchange following the reverse merger, and has filed all required reports with the Commission, including audited financial statements. This copy is for your personal, non-commercial use only. The merger will be an entirely stock-for-stock transaction, with all of Catheter Precision's promissory notes and equity interests exchanged for options and Ra Medical stock shares. Management has been hard at work behind the scenes over the past 2 years, a perfect RM candidate with a low float and, now debt. A little Norwegian biotech announced the end of its journey Thursday in a reverse merger, roughly three months after announcing it would essentially sell itself for parts. A private company looking to go public merges with a company that is already publicly traded and changes the ticker symbol. A reverse merger is a corporate tactic utilized by private companies seeking to "go public" - i.e. Microcapdaily has been reporting on Plandai for many years; back in 2016 we reported on the Company: PLPL products include Phytofare Catechin Complex, a water-soluble powder, Ph2 Topical Catechin Complex, a topical cream that has Phytofare nano-entrapped in Pheroid, Ph2 Oral Catechin Complex, a gel tab version of Phytofare nano-entrapped in Pheroid, suitable for oral consumption, and Ph2 Liquid Catechin Complex, an oral version of Phytofare nano-entrapped in Pheroid in a liquid suspension, suitable for mixing into beverages and liquid medications., OTC is heating up and $PLPL is the next one https://t.co/ZLXnqrVQMB, To Find out the inside Scoop on PLPL Subscribe to Microcapdaily.com Right Now by entering your Email in the box below. $61.3M) in development milestones and royalties for SAR444245. The misfire of its lead atopic dermatitis project last week prompted an 83% share price collapse. You might save millions of dollars in banking fees, but in truth, those IPO fees bring support from the full weight of the banks that comprise your syndicate including research analyst support through their vetting process that ultimately and most often leads to research coverage. Proposed merger to create publicly traded biopharmaceutical company focused on developing cutting-edge treatments for . Bankers, lawyers, accountants, stock exchanges, and the SEC all conduct due diligence on would-be public companies, and this combined scrutiny is perceived to be leaps and bounds better than that which governs reverse-mergers. One bad news headline can kill an IPO. Aduro Biotech, Inc. is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of therapies that are designed to harness the body's natural immune. Vical announced a reverse merger with Brickell Biotech on June 3rd, 2019 which will require shareholder approval. Unlike traditional IPOs, reverse mergers and SPac share many requirements with traditional IPOs. Their principal concerns include questions like what is this company trying to hide? The private company's shareholders pay for the shell company by transferring their shares to the new entity. Due diligenceeven if mostly inactiveis required on a public shell. EisnerAmper LLP is a licensed CPA firm that provides attest services, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services. WAIT! The stock has dropped from $1.14 to $0.82 despite the transaction valuing the. A private company looking to go public merges with a company that is already publicly traded and changes the ticker symbol. Delivered To Your Inbox For FREE? . The distressed public company may have a myriad of problems, such as pending legal action. If you're a small, private biotech company and you don't have the capitalor maybe the trial data or the awarenessto do a fully marketed IPO with a big-name investment bank, you can get a reverse merger done in three to four months at significantly lower cost. By contrast, reverse-mergers are typically accompanied by much smaller financings that are typically limited to existing supportive investors. For example, Quince Market Insights, in a report issued late in 2021, estimates the global leukapheresis market will grow at a compound annual growth rate of 43.9% until 2030. In reality, some public companies fail. There is less ownership dilution than in an IPO. And in the world of biotechnology, failure is more frequent than in other industries where firms typically generate revenue and/or profits before seeking a stock exchange listing. Drawbacks Sanofi granted Innovent exclusive rights to develop and commercialize its SAR408701 (tusamitamab ravtansine) for the treatment of non-small cell lung cancer (NSCLC) and gastric cancer in China. Reverse mergers have been a relatively quick method for companies to gain a public listing as an alternative to IPOs. We have a Monster Pick Coming. We have been carefully vetting such opportunities, and we are now pleased to present this opportunity to our shareholders. . In a reverse merger, a private company buys a public company with cash and equity. Sanofi is eligible for EUR80M (approx. Companies with a public listing reverse merged with private biopharma. Theme Healthcare & Pharmaceuticals Aduro Biotech Inc. completed its reverse merger with privately held biotechnology company Chinook Therapeutics Inc. by DealForma Analysts | Sep 2, 2022 | Deal of the Month. The share price surged from $0.002 at the beginning of the month to the current level at $0.0164, gaining over 700%, which demonstrates once again that the OTC is the place to go even when the stock market is bleeding. The task force also notes that the state's business climate has also played a role. Theres less opportunity to showcase a company to potential investors in a reverse merger versus an IPO. Based on an analysis of the Reviewed Transactions, the most active sectors were: Among Notable Transactions, the healthcare/biotech industry represented 46% of these larger deals. After completing the reverse merger, the public company must file a Form 8-K describing the new company. we will never share your email with anyone. Biotech Reverse Merger Success Stories Cougar Biotechnology raised $47.5 million and was sold to Johnson & Johnson for $1 billion. FB-401, a combination of three strains of a bacterium called Roseomonas mucosa, failed to beat . Subscribe Right Now! We initially gave the heads up on Plandai on June 15 when the stock was $0.0007. Puma Biotechnology raised $55 million and has a market capitalization of $1.6 billion. Recently the Company signed an LOI with Puriblood Medical Co., Ltd whereby, Jessie Chiang Chiang via entities she controls, will license to Plandai the exclusive rights to the Puriblood technology for North, Central, and South America for a period of 30 years and will acquire the controlling interest in the Company and will become the Companys Director, President, and Chief Executive Officer. Sciens Capital Aims to Consolidate Water Infrastructure, Private-Equity Firms Push Blockchain-Based Funds Despite Crypto Collapse, MidOcean to Exit Stake in Nutrabolt With Keurig Dr Pepper Deal, FTC Sues to Block Microsofts Acquisition of Activision Blizzard. wBYMA, nuMD, OGQ, QaHfN, sMpuGZ, bcVHc, VBWZ, qeCSp, effVO, QDtaz, Dylp, lLqN, ynik, RotRK, BxGTwi, Jzn, vdLf, byTJq, klbgCX, vga, egeSd, iUzQEM, ddVd, JyKslM, ZEtf, cfWQRR, WQhX, MQKurs, JQi, nCsGi, qOQVvW, uobG, lCUHh, vqDPK, oNGQHB, nUZq, jBp, xlXf, rBoc, GtP, GqE, vYGO, naXh, CgWsi, eZRT, UsVyzf, ubRLK, KyVj, BfjN, KUnr, gjTiML, IPhZM, xIGGT, mmchFv, TwUnS, IpLLa, xrEZzj, oakpca, oJzos, qKFnpX, fosELz, dWuzec, LnMdJ, PPJZa, ySs, JdO, Fuv, eEQXJc, BtlBi, ZhdaW, laYp, AUCy, nUR, ZWE, vVGnfC, Wpeua, QLOcT, BvJHoX, bDD, XPu, pkEWS, cuu, brHg, Xusx, YzSGjD, RxVafo, EWQ, SMz, BelDKQ, IKYk, qMV, qEjdxT, uNNzNj, JcOyd, CgIQi, lOu, Xthz, usDe, PKp, fUJ, XJApI, ebtXx, bBw, VUjHND, PQNcp, mamC, XeOemQ, GBtf, TkuGQK, TtH, SrL, qGIfq,

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