M&A
confidence high
sentiment negative
materiality 0.90
Synlogic to merge with Caldera Therapeutics; Synlogic shareholders to own ~2.3% of combined company
SYNLOGIC, INC.
- Merger with Caldera; Synlogic shareholders to receive shares in new parent, owning ~2.3% on fully diluted basis.
- Caldera equityholders (pre-money) to own ~62.8%; concurrent $278M financing investors own ~34.9%.
- Synlogic valued at $18M (assuming $6M net cash); Caldera valued at $500M.
- Support agreements from 50.9% of Synlogic stockholders and 72.6% of Caldera stockholders.
- Warrant amendments reduce exercise price to $0.70/share and remove cash redemption right.