M&A
confidence high
sentiment neutral
materiality 0.70
HOOKIPA announces non-binding discussions to acquire Poolbeg Pharma in all-share deal
HOOKIPA Pharma Inc.
- Poolbeg shareholders to receive 0.03 HOOKIPA shares per share; expected ~55% ownership of combined entity before planned $30M fundraise.
- Combined group to be Nasdaq-listed with operations in EU, UK, and US; Poolbeg to delist from AIM.
- CVR for HOOKIPA shareholders tied to Gilead milestones (up to $407.5M) and HB-200 proceeds.
- PUSU deadline under UK Takeover Code set for 30 January 2025; no certainty a firm offer will be made.
- Fundraise of up to $30M to extend cash runway through year-end 2026, concurrent with deal completion.