M&A
confidence high
sentiment neutral
materiality 0.85
Imara to merge with Enliven; Enliven stockholders to own ~84% of combined company
Enliven Therapeutics, Inc.
- Enliven valued at $324.6M plus $164.5M financing; Imara valued at net cash plus $10M.
- Pre-merger Imara stockholders to own ~16% of combined co; CVRs tied to asset sale/IMR-261.
- Concurrent $164.5M Enliven PIPE; closing conditioned on Imara asset sale, HSR, stockholder votes.
- Board: 8 Enliven designees, 1 Imara (CEO Rahul Ballal); reverse stock split planned.
- Termination fees: Imara pays $3M, Enliven pays $9.75M under specified conditions.