M&A
confidence high
sentiment neutral
materiality 0.60
AVROBIO merger with Tectonic delayed to June 20; 1-for-12 reverse split effective June 20; new ticker TECX
Tectonic Therapeutic, Inc.
- Merger closing postponed from June 18 to around June 20, 2024.
- Stockholders approved reverse split ratio of 1-for-12; effective June 20 at 4:00 p.m. ET.
- No fractional shares; cash payment based on closing price prior to effective time.
- Common stock to trade on split-adjusted basis under ticker TECX starting June 21, 2024.