---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-028781"
form_type: "8-K"
ticker: null
cik: "0001588972"
company_name: "Societal CDMO, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:50:55.284314+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Societal CDMO to be acquired by CoreRx for $1.10 per share in cash

## Summary
- Offer price: $1.10 per share cash; back-end merger under Section 321(f) of PBCL with no shareholder vote.
- Supporting shareholders, including directors/officers and First Light Asset Management, owning ~25.5% of shares, agree to tender.
- Minimum condition: at least one share >50% of outstanding shares validly tendered, plus other customary conditions.
- Termination fee of $5 million payable by Societal under specified circumstances.
- Board unanimously recommends shareholders tender shares; deal expected by August 28, 2024.

## SEC filing metadata
- accession: 0001104659-24-028781
- form_type: 8-K
- cik: 0001588972
- company_name: Societal CDMO, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/0001104659-24-028781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/tm247234d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-028781
- JSON: https://secwatch.observer/filing/0001104659-24-028781.json
- Plain text: https://secwatch.observer/filing/0001104659-24-028781.txt

## Key facts
- Material Agreements
  Societal CDMO, Inc. entered into Agreement and Plan of Merger with CoreRx, Inc. and Cane Merger Sub, Inc. (effective 2024-02-28).
  - Action: entry
  - Agreement: merger
  - Counterparty: CoreRx, Inc. and Cane Merger Sub, Inc.
  - Effective: 2024-02-28
  source text: On February 28, 2024, Societal CDMO, Inc., a Pennsylvania corporation (the “Company” or “Societal”), CoreRx, Inc., a Florida corporation (“Parent” or “CoreRx”), and Cane Merger Sub, Inc., a Pennsylvania corporation and a wholly owned subsidiary of Parent (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1588972/000110465924028781/0001104659-24-028781-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.