other material
confidence high
sentiment neutral
materiality 0.60
BriaCell closes spinout of BriaPro to shareholders; retains 66.6% stake
BriaCell Therapeutics Corp.
- Closed plan of arrangement spinning out Bria-TILsRx™ and PKCδ inhibitors to BriaPro.
- Shareholders receive one BriaPro share and one new BriaCell share per existing share.
- BriaCell now owns ~66.6% (31,963,452 shares) of BriaPro's outstanding shares.
- BriaPro becomes unlisted reporting issuer in Canada; BriaCell remains on Nasdaq and TSX.
- New BriaCell common shares expected to trade on or about Sept 5, 2023 under 'BCT'.