financetom
Business
financetom
/
Business
/
BRIEF-Kintara Therapeutics, Tuhura Biosciences Enter Into Merger Agreement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BRIEF-Kintara Therapeutics, Tuhura Biosciences Enter Into Merger Agreement
Apr 3, 2024 4:28 AM

April 3 (Reuters) - Kintara Therapeutics Inc ( KTRA ):

* KINTARA THERAPEUTICS AND TUHURA BIOSCIENCES ENTER INTO

DEFINITIVE MERGER AGREEMENT

* KINTARA THERAPEUTICS INC ( KTRA ) - $31 MILLION SUBSCRIBED

FINANCING BY

TUHURA IN CONNECTION WITH MERGER AGREEMENT EXPECTED TO PROVIDE

CASH RUNWAY INTO LATE 2025

* KINTARA THERAPEUTICS INC ( KTRA ) - COMBINED COMPANY IS EXPECTED TO

OPERATE UNDER NAME "TUHURA BIOSCIENCES, INC."

* KINTARA THERAPEUTICS ( KTRA ) - ON A PRO FORMA BASIS, POST-MERGER

CO'S

EQUITYHOLDERS EXPECTED TO COLLECTIVELY OWN UP TO ABOUT 2.85%, OR

APPROXIMATELY 5.45%

* KINTARA THERAPEUTICS INC ( KTRA ) - TUHURA EQUITYHOLDERS ARE

EXPECTED TO

COLLECTIVELY OWN APPROXIMATELY 97.15%, OR 94.55% ASSUMING

DISTRIBUTION OF CVR SHARES

* KINTARA THERAPEUTICS INC ( KTRA ) -COMBINED COMPANY IS EXPECTED TO

TRADE

ON NASDAQ CAPITAL MARKET ("NASDAQ") UNDER TICKER "HURA"

Source text for Eikon:

Further company coverage:

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: EchoStar's Dish Network to Meet Creditors on Collateral Transfer Lawsuit
Market Chatter: EchoStar's Dish Network to Meet Creditors on Collateral Transfer Lawsuit
Sep 6, 2024
02:24 PM EDT, 09/05/2024 (MT Newswires) -- EchoStar's ( SATS ) Dish Network plans to hold talks with a group of lenders who filed a lawsuit seeking to undo a series of collateral transfers the company made this year, Bloomberg reported Thursday. The company may meet the creditor representatives as soon as this week Talks also include the prospect of...
Market Chatter: Smartsheet Reportedly In Talks to be Acquired by Private Equity Consortium
Market Chatter: Smartsheet Reportedly In Talks to be Acquired by Private Equity Consortium
Sep 6, 2024
02:16 PM EDT, 09/05/2024 (MT Newswires) -- A consortium of private equity firms that includes Vista Equity Partners and Blackstone (BX) is in discussions to acquire Smartsheet ( SMAR ) , Reuters reported Thursday, citing people familiar with the matter. The parties involved could sign a deal in the coming weeks if the talks don't fall apart, the report said....
Raiffeisen Bank's Russian arm ownership frozen in ban imposed by court
Raiffeisen Bank's Russian arm ownership frozen in ban imposed by court
Sep 6, 2024
FRANKFURT, Sept 5 (Reuters) - A Russian court froze the shares in Raiffeisen Bank International's local arm, the biggest Western bank in Russia said on Thursday, ruling out any sale of the business for now. ...
US Probes Rewards Programs of 'Big 4' Airlines
US Probes Rewards Programs of 'Big 4' Airlines
Sep 6, 2024
02:22 PM EDT, 09/05/2024 (MT Newswires) -- The US Department of Transportation launched an investigation on Thursday into the rewards programs of the four largest US airlines. US Secretary of Transportation Pete Buttigieg sent letters to Delta Air Lines ( DAL ) , American Airlines ( AAL ) , United Airlines (UAL) and Southwest Airlines ( LUV ) ordering them...
Copyright 2023-2025 - www.financetom.com All Rights Reserved