M&A
confidence high
sentiment negative
materiality 0.60
Lucy Scientific terminates Bluesky Biologicals amalgamation agreement due to missing audited financials
Lucy Scientific Discovery, Inc.
- Terminated Amalgamation Agreement with Bluesky Biologicals on March 5, 2024, per Article 6.1.
- Reason: Bluesky failed to timely provide audited financial statements, as required under the agreement.
- Original agreement dated September 12, 2023, for a three-cornered amalgamation involving Lucy issuing securities.
- Either party could terminate if conditions not met by December 31, 2023; Lucy exercised that right.