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Stock impact report

Organovo Acknowledges Receipt of Proposal

Organovo Holdings, Inc. (ONVO) 
NASDAQ:AMEX Investor Relations: organovo.com/about/contact/investor-relations
Company Research Source: GlobeNewswire
SAN DIEGO, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (NASDAQ: ONVO) (“Organovo”) today confirmed that it has received a proposal from Viscient Biosciences (“Viscient”), an early-stage private company headquartered in San Diego, California, to acquire ownership control of Organovo.  As disclosed in August 2019, Organovo’s Board of Directors (the “Board”) determined that it would be in the best interests of Organovo’s stockholders to evaluate Organovo’s strategic alternatives.  A Special Committee of the Board (the “Special Committee”) has retained Roth Capital Partners, a leading investment banking firm, to act as its financial advisor.   The Special Committee and the Board understand the importance of the strategic alternatives process to Organovo’s stockholders, and are diligently working in good faith and in an informed and deliberate manner to maximize stockholder value.  “I am pleased with what continues to be a robust process,” stated Taylor Crouch, Organovo’ Show less Read more
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