M&A
confidence high
sentiment neutral
materiality 0.55
Kintara retracts Oct 17 CVR record date; CVRs to pre-reverse-split holders ahead of Oct 18 merger
TuHURA Biosciences, Inc./NV
- CVRs will be issued to stockholders of record immediately prior to the 1-for-35 reverse split, not on Oct 17 as previously announced.
- Reverse split and merger with TuHURA expected to close Oct 18, subject to regulatory approval and remaining conditions.
- Each CVR entitles holder to aggregate of up to 53,897,125 shares of common stock upon milestone achievement, adjusted for reverse split.
- Kintara does not anticipate the correction will change which stockholders receive CVRs or the number received.
- Previously approved reverse split range was 1-for-20 to 1-for-40; final ratio set at 1-for-35.