M&A
confidence high
sentiment positive
materiality 0.90
Lisata to be acquired by Kuva Labs for $5.00 per share plus contingent $1.00 CVR
LISATA THERAPEUTICS, INC.
- Kuva Labs will acquire all Lisata common shares for $5.00 cash plus one non-tradeable CVR potentially paying $1.00 upon FDA filing for certepetide.
- CVR milestone: payable if NDA is filed/accepted for certepetide within 7 years of closing; Parent must use commercially reasonable efforts.
- Unanimous board recommendation; tender offer with minimum tender condition of majority of outstanding shares (including rollover shares).
- Termination fee of $2M payable by either party under certain circumstances; no financing condition to the offer.
- In-the-money options, restricted stock, and RSUs cashed out at Closing Amount plus CVR; ESPP terminated at closing.