m_and_a
confidence high
sentiment positive
materiality 0.75
XTL to acquire 85% of Beyond Air's NeuroNOS for equity, $1M cash, up to $32.5M milestones
Beyond Air, Inc.
- XTL acquires 85% of NeuroNOS for 19.9% of XTL's share capital, $1M cash, and up to $32.5M in milestone payments.
- NeuroNOS platform targets core autism pathophysiology; two Nobel Laureates join scientific team.
- NeuroNOS holds two FDA Orphan Drug Designations for Phelan-McDermid Syndrome and Glioblastoma.
- Beyond Air becomes significant XTL shareholder, retains 15% of NeuroNOS; deal valued up to $32.5M.
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