M&A
confidence high
sentiment neutral
materiality 0.85
Pulmatrix to merge with Eos SENOLYTIX; Eos stockholders to own ~94% of combined company
Pulmatrix, Inc.
- Pre-Merger Eos stockholders to own ~94% of combined company; Pulmatrix stockholders ~6% on fully-diluted basis.
- Combined company to be renamed 'Eos SENOLYTIX, Inc.'; board of 6 members, 5 designated by Eos.
- Pulmatrix raises $1M via Series B Convertible Preferred (8% dividend, conversion at $2.20) from Eos affiliate.
- Eos to raise up to $18M via convertible notes (8% interest) and Series A Preferred financing.
- Closing conditions include stockholder approvals, Nasdaq listing, and SEC registration statement effectiveness.