m_and_a
confidence high
sentiment neutral
materiality 1.00
Checkpoint Therapeutics completes acquisition by Sun Pharma for $4.10/share plus CVR
Checkpoint Therapeutics, Inc.
- Merger closed May 30, 2025; Checkpoint becomes wholly owned subsidiary of Sun Pharma.
- Shareholders receive $4.10 cash per share plus non-tradable CVR (up to $0.70 contingent on EU regulatory milestones for cosibelimab).
- Common stock delisted from Nasdaq; Company intends to suspend SEC reporting obligations.
- All prior directors and officers resigned; Abhay Gandhi (President), Sudhir Valia (Director), Zvi Albert (CFO) appointed from Sun Pharma.
- Founders Agreement, Management Services Agreement, Board Advisory Services Agreement terminated at closing.
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