m_and_a
confidence high
sentiment negative
materiality 0.85
ESSA Pharma amends Xeno deal: shareholder cash at closing reduced to ~$0.12/share from ~$1.91 estimate
ESSA Pharma Inc.
- Shareholders to receive ~$0.12/share at closing (plus previously distributed $1.69) vs. originally estimated $1.91 aggregate.
- CVR revised to up to ~$0.14/share, representing aggregate $6.7M contingent on liabilities.
- Special meeting of shareholders further adjourned to October 3, 2025 (from Sept 29).
- Amendment driven by potential liabilities, expenses, and lower estimated cash balance at closing.
- XOMA Royalty continues as structuring agent and intends to provide financing.
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