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0.0052910052910053 0.00264550264550259 0.0052910052910053 0.0238095238095238 -0.105820105820106 0.124338624338624 0.201428571428571 0.243386243386243
Stock impact report

Nuvation Bio falls after AnHeart Therapeutics acquisition news [Seeking Alpha]

Nuvation Bio Inc. Class A (NUVB) 
Company Research Source: Seeking Alpha
AnHeart Therapeutics is a clinical-stage biopharmaceutical company developing novel precision therapies for people with cancer. Nuvation Bio will issue ~43.6M class A shares, 851.2K series A non-voting convertible preferred stock and warrants collectively exercisable for 2.9M shares at an exercise price of $11.50 per share to AnHeart securityholders in exchange for all outstanding AnHeart shares, options and other securities. The two companies have entered into a definitive agreement for the acquisition. AnHeart stockholders will own ~33% of the combined company, while Nuvation Bio shareholders will own ~67% on a fully diluted basis. The boards of both the companies have approved the proposed acquisition. The acquisition is expected to close in Q2. AnHeart investor Min Cui and CEO Junyuan Jerry Wang are set to join the board of Nuvation Bio after the closing of the acquisition. Recommended For You More Trending News Recommended For You More Trending News About N Show less Read more
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