m_and_a
confidence high
sentiment neutral
materiality 1.00
Paratek completes $330M acquisition of OptiNose; OptiNose stockholders receive $9/share cash plus CVRs
OptiNose, Inc.
- All outstanding OptiNose shares converted into $9 cash and one CVR per share (up to $5 additional).
- CVRs pay $1/share if XHANCE net sales ≥$150M in any calendar year by Dec 31, 2028; $4/share if ≥$225M by Dec 31, 2029.
- OptiNose common stock to be delisted from Nasdaq; trading halted pre-open on May 21, 2025.
- Evan Loh becomes sole director and CEO of surviving OptiNose subsidiary; prior board and officers resigned.
- Transaction financed by Paratek, B-FLEXION, Novo Holdings, and Oaktree debt financing.
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