M&A
confidence high
sentiment negative
materiality 0.75
Zevra completes Acer acquisition; pro forma net loss $59.5M for 9-mo 2023
ZEVRA THERAPEUTICS, INC.
- Pro forma net loss of $59.5M for nine months ended Sep 30, 2023; $80.7M for FY 2022.
- Acer acquisition closed Nov 17, 2023; exchange ratio 0.1210 Zevra shares per Acer share plus CVR.
- Pro forma shares outstanding ~37.8M; Zevra issued ~2.96M shares for Acer equity.
- Zevra purchased Acer's SWK term loans ($18.2M) and Marathon convertible notes ($12.0M).
- Bridge loan of $10M provided to Acer; $1.5M anniversary payment due to Relief Therapeutics.