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Stock impact report

Akari Therapeutics rises on all-stock merger deal with Peak Bio [Seeking Alpha]

Akari Therapeutics Plc - American Depositary Shares (AKTX) 
US:NASDAQ Investor Relations: investor.akaritx.com/investor-relations
Company Research Source: Seeking Alpha
Under the terms of the agreement, Peak stockholders will receive a number of Akari ordinary shares for each share of Peak stock they own, as determined on the basis of the exchange ratio described in the agreement. The combined entity will operate as Akari Therapeutics, Plc, which is expected to continue to be listed and trade on the Nasdaq Capital Market as AKTX. The exchange is expected to result in implied equity ownership in the combined company of approximately 50% for Akari shareholders and approximately 50% for Peak stockholders on a fully-diluted basis. Hoyoung Huh is expected to serve as incoming Chairman of the Board of the combined entity. The post-merger Board of Directors will consist of three directors selected by each company and one independent director jointly selected. Recommended For You Recommended For You Related Stocks In The News Trending Analysis Trending News Show less Read more
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