M&A
confidence high
sentiment negative
materiality 0.85
Kintara says merger vote threshold not yet met; stockholders urged to vote by Sept 19
TuHURA Biosciences, Inc./NV
- Special meeting on Sept 20; votes must be cast by 11:59pm ET Sept 19 to count.
- Proposals 3 & 5 require majority of outstanding shares as of Aug 14, 2024 to be voted FOR.
- ISS and Glass Lewis both recommend stockholders vote FOR Proposals 3 & 5.
- CEO warns if merger not completed, Kintara's future is uncertain; $31M financing backs deal.
- Preliminary tabulation shows voting threshold not reached on Proposals 3 & 5.