other material
confidence high
sentiment positive
materiality 0.35
Kyntra Bio receives final $4M holdback from AstraZeneca for China ops sale
KYNTRA BIO, INC.
- Received $4.0M from AstraZeneca, satisfying final holdback under February 2025 share purchase agreement.
- Total consideration for sale of China operations was ~$220M ($85M enterprise value + ~$135M net cash).
- Previously received $6.0M holdback plus $0.4M net cash adjustment payment in November 2025.
- With this payment, all owed amounts under the Share Purchase Agreement have been collected.