Forte Biosciences adopts poison pill rights plan with 10% trigger

Forte Biosciences, Inc.

Board declares dividend of one Right per share of common stock; record date July 21, 2022.
Rights exercisable at $16 per one thousandth of Series A Participating Preferred share.
Rights become exercisable if a person acquires 10% (20% for certain institutional holders) of common stock.
Rights expire on July 12, 2023, redeemable at $0.001 per Right at board's option.
Certificate of Designation for Series A Preferred filed with Delaware Secretary of State.

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