Apricus Biosciences Stockholders Approve Proposed Merger with Seelos Therapeutics, Inc.
APRICUS BIOSCIENCES (APRI)
Last apricus biosciences earnings: 11/2 04:01 pm
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US:NASDAQ Investor Relations:
apricusbio.com
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Source: GlobeNewswire
SAN DIEGO, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Apricus Biosciences, Inc. (Nasdaq: APRI) has today reported that it obtained stockholder approval as required pursuant to the terms of the merger agreement with Seelos Therapeutics, Inc. and the related securities purchase agreement with selected investors or necessary under Nevada law, in order to complete the merger, the financing and related matters. The Company announced that over 95% of the votes cast were in favor of the merger with Seelos, over 85% of the votes cast were in favor of the reverse stock split and over 75% of the votes cast were in favor of each other proposal. “We are pleased that our responding stockholders indicated their support of the merger with Seelos by an overwhelming majority,” stated Richard W. Pascoe, Chief Executive Officer. “We believe that this strategic combination with Seelos is in the best interest of our stockholders, as it will provide an opportunity to create value from a diversified pipeline of
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