m_and_a
confidence high
sentiment neutral
materiality 1.00
Elevation Oncology completes acquisition by Concentra Biosciences, shares delisted
Elevation Oncology, Inc.
- Concentra Biosciences acquires Elevation Oncology for $0.36 per share plus contingent value right (CVR).
- 67.09% of shares tendered in the offer, satisfying the Minimum Tender Condition.
- All directors resign at closing; Kevin Tang becomes sole director of the surviving corporation.
- CEO/CFO Tammy Furlong terminated without cause, receives 12 months salary plus $600,000 lump sum.
- Company requests delisting from Nasdaq and deregistration under Exchange Act.
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