M&A
confidence high
sentiment positive
materiality 0.75
Caladrius stockholders approve merger with Cend Therapeutics, 1:15 reverse split, name change to Lisata Therapeutics
LISATA THERAPEUTICS, INC.
- Merger with Cend approved: 25,973,235 for, 2,912,622 against, 172,676 abstain.
- Reverse stock split at 1:15 ratio approved: 31,343,168 for, 7,665,240 against.
- Name change to Lisata Therapeutics approved: 34,861,858 for, 4,003,401 against.
- Merger close expected Sep 15, 2022; combined company to trade as LSTA on Nasdaq.
- Board set reverse split ratio at 1:15; effective Sep 14, 2022 at 5:00 PM ET.