other material
confidence high
sentiment neutral
materiality 0.75
Inhibrx Biosciences spin-off registration effective; distribution May 29, merger with Sanofi May 30
Inhibrx Biosciences, Inc.
- Registration statement on Form 10 declared effective by SEC on May 24, 2024.
- Distribution of 92% of Inhibrx Biosciences shares to RemainCo holders at 1:4 ratio; effective May 29.
- RemainCo merger with Sanofi expected to close May 30, subject to conditions.
- When-issued trading under INXBV from May 28; regular-way under INXB from May 30; then INBX from May 31.