Alpha Holdings Renews Superior, $39.3 Million Offer to OncoSec
OncoSec Medical Incorporated (ONCS)
Last oncosec medical incorporated earnings: 12/13 05:01 pm
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US:NASDAQ Investor Relations:
oncosec.com/tag/investor-relations
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Source: Business Wire
Provides $9.3 Million in Additional Value Compared with China Grand Takeover and Gives Stockholders the Opportunity to Receive a Cash PremiumBinding Term Sheet Expires on February 1Stockholders who Oppose China Grand Takeover Must Vote on BLUE Card Only SEONGNAM, South Korea--(BUSINESS WIRE)--Alpha Holdings, Inc. (KOSDAQ: 117670) (“Alpha”), the largest stockholder of OncoSec Medical Incorporated (NASDAQ: ONCS) (“OncoSec”), with an approximate 15.1% ownership stake, today announced that it has renewed its alternative financing proposal and provided a revised binding term sheet to OncoSec. Alpha continues to believe its proposed financing is significantly more favorable to OncoSec and its stockholders than the $30 million takeover offer from China Grand.1As previously announced, the proposal represents:$9.3 million in additional value compared with the China Grand Takeover;The opportunity for stockholders to receive a cash premium for 35% of OncoSec shares through a tender offer of
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