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Stock impact report

Lisata Therapeutics to be acquired by Kuva Labs [Yahoo! Finance]

Lisata Therapeutics, Inc. (LSTA) 
Company Research Source: Yahoo! Finance
Lisata Therapeutics Inc (NASDAQ:LSTA, FRA:8NE) , a clinical-stage pharmaceutical company developing therapies to treat advanced solid tumors and other serious diseases, announced that it has agreed to be acquired by privately held Kuva Labs. Under the terms of a definitive agreement, Kuva will launch a tender offer to purchase all outstanding Lisata shares for $5 per share in cash at closing, plus one contingent value right (CVR) per share. Shares of Lisata, which closed at $4.18 on Friday, surged almost 20% premarket. The CVR could provide an additional cash payment of $1 per share if a New Drug Application or similar regulatory filing for a product containing certepetide is submitted or formally accepted for review by the US Food and Drug Administration or another regulatory authority before the earlier of seven years after closing or termination of the CVR agreement. If the milestone is not achieved within that period, no additional payment will be made under the CVR. The Show less Read more
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