other material
confidence high
sentiment neutral
materiality 0.45
Lantern Pharma to repurchase 145K shares from Bios Entities at $3.44/share
Lantern Pharma Inc.
- Company agreed to buy 145,348 common shares from Bios Fund I entities at $3.44/share, total ~$500K.
- Bios Entities own ~14.7% of outstanding shares; sale for their own working capital and liquidity.
- Transaction expected to close by November 30, 2023; customary reps, warranties, and covenants.
- Buyback represents about 0.5% of shares outstanding (based on recent filings).