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Stock impact report

Karolinska Development's portfolio company SVF Vaccines plans for listing on Nasdaq First North Premier through reverse takeover ahead of accelerated vaccine development [Yahoo! Finance]

Stanley Black & Decker, Inc. (SWK) 
Last stanley black & decker, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
Company Research Source: Yahoo! Finance
a non-binding letter of intent (LOI) with Novakand Pharma AB (“Novakand”) regarding a reverse takeover. Subject to the parties entering into a final agreement and the transaction being approved at Novakand's extraordinary general meeting, the transaction would result in SVF Vaccines being listed on Nasdaq First North Premier. Through the proposed reverse takeover and an accompanying financing plan, SVF Vaccines aims to accelerate the development of the company's innovative therapeutic and prophylactic vaccines based on a patented technology originating from Karolinska Institutet. Upon completion of the reverse takeover, SVF Vaccines' shareholders are expected to hold approximately 67% of the shares in Novakand, which will change its name to SVF Vaccines Holding AB. SVF Vaccines‘ dominant shareholders are Karolinska Development and the founders of SVF Vaccines. In addition to the benefits of a reverse listing on Nasdaq First North Premier, SVF Vaccines will receive access to Novaka Show less Read more
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