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0.034013605442177 0.034013605442177 0.102040816326531 0.26984126984127 0.138321995464853 -0.125850340136054 -0.145124716553288 -0.131360544217687
Stock impact report

Aditxt signs agreement to acquire Appili Therapeutics [Seeking Alpha]

Aditxt, Inc. (ADTX) 
Company Research Source: Seeking Alpha
focused on drug development for infectious diseases and medical countermeasures. Under the agreement, Aditxt's wholly owned subsidiary, Adivir agreed to acquire all issued and outstanding Class A common shares of Appili through a court-approved plan of arrangement under Canada Business Corporations Act. Under the terms of the agreement, Adivir will acquire all of the issued and outstanding Appili shares, with each Appili shareholder receiving 0.002745004 of a share of common stock of Aditxt and $0.0467 for each Appili share held, representing total consideration per Appili share of approximately $0.0561 based on the closing price of Aditxt stock on March 28. After giving effect to the transaction, Appili Shareholders will hold approximately 19.99% of the issued and outstanding Aditxt Shares. The transaction is conditional upon Aditxt raising at least $20 million in financing prior to closing. Closing is expected to occur not later than early Q3. The arrangement agreement a Show less Read more
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