M&A
confidence high
sentiment neutral
materiality 1.00
ESSA Pharma Inc.: M&A transaction — ESSA Pharma acquired by XenoTherapeutics for $0.1242/share plus CVR; shares to be delisted
ESSA Pharma Inc.
- Shareholders received US$0.1242 per common share plus one CVR per share worth up to US$0.14.
- Aggregate potential CVR payment of US$6.7 million dependent on contingent liabilities.
- Final court order from Supreme Court of British Columbia obtained on October 7, 2025.
- All directors resigned; Jon Adkins (Xeno Acquisition Corp.) becomes sole director.
- ESSA requested Nasdaq delisting effective October 10, 2025; Form 15 to terminate registration.