M&A
confidence high
sentiment neutral
materiality 0.90
Immunome merges with Morphimmune; Siegall new CEO; $125M PIPE at $5.75/share
Immunome Inc.
- Morphimmune stockholders to own ~45% of combined company; Immunome stockholders ~55% on fully diluted basis.
- Clay Siegall to become Chairman and CEO; board to include 2 from Morphimmune, 1 from Immunome, 4 independents.
- PIPE financing of ~$125M at $5.75/share (or $5.91 for affiliates) from Enavate, EcoR1, Redmile.
- Siegall employment agreement: $650K base, 50% bonus target, option for 2.14M shares at $5.91.
- Closing conditions include S-4 effectiveness, Nasdaq listing, PIPE proceeds of $125M.