m_and_a
confidence high
sentiment neutral
materiality 0.60
Salarius amends merger deal with Decoy; sets preferred conversion floor at $3.75
Decoy Therapeutics Inc.
- Fifth Amendment to Merger Agreement sets initial conversion price at $10.50/share for Series A & B Preferred.
- Price protection adjusted using spread between $10.50 baseline and any dilutive subsequent financing.
- Floor price of $3.75/share set as lowest conversion price in price protection calculations.
- Series B Preferred redemption price changed to $10.50 multiplied by 1,000 per share.
- All other Merger Agreement terms remain in full force and effect.
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