other material
confidence high
sentiment neutral
materiality 0.55
ZyVersa amends pro forma to reflect reverse merger; adds ~$105M IPR&D asset
ZyVersa Therapeutics, Inc.
- Pro forma updated to forward merger (ZyVersa as VIE); ~$105M IPR&D/goodwill recorded on balance sheet.
- Combined pro forma net loss: $20.96M for 9mo Sep 2022, $8.91M for FY2021.
- Actual redemptions of 7.67M shares for $78.0M; 6.72M shares issued to ZyVersa equity holders.
- Transaction costs $5.2M settled via $1.7M Series B preferred and $3.5M cash; deferred underwriting $3.4M settled in Series B.
- Pro forma total assets $113.4M as of Sep 30, 2022, primarily from IPR&D.