M&A
confidence high
sentiment positive
materiality 0.55
NWBO closes Advent BioServices acquisition; pays £1.4M + AP over 2 years; 19M securities revert
NORTHWEST BIOTHERAPEUTICS INC
- Acquisition of Advent BioServices closed; Advent becomes wholly owned subsidiary.
- No new shares issued; 13.5M shares and 5.5M options previously issued to Advent revert to NWBO.
- Consideration: £1.4 million plus net accounts payable, paid in installments over two years starting 90 days post-closing.
- Installment payments may accelerate upon regulatory approval of DCVax-L; NWBO receives fixed assets, cryostorage, and IP.