m_and_a
confidence high
sentiment positive
materiality 0.85
Aptose to be acquired by Hanmi Pharmaceutical at C$2.41/share, 28% premium to 30-day VWAP
Aptose Biosciences Inc.
- Hanmi already owns 19.93% and provided >US$30M in debt facilities over 18 months.
- Transaction requires approval of 2/3 of votes, plus minority approval; special meeting by Jan 16, 2026.
- Formal valuation by Locust Walk: fair market value range of C$1.00 to C$5.23 per share.
- Aptose will be delisted from TSX and cease Canadian reporting obligations after closing.
- Officers and directors have entered voting support agreements in favor of the arrangement.
item 7.01item 9.01