BRIEF-Pharma Two B Plans To Go Public Via Merger With Hepion Pharmaceuticals, Concurrent $11.5 Mln Private Placement-March 2024-www.financetom.com

BRIEF-Pharma Two B Plans To Go Public Via Merger With Hepion Pharmaceuticals, Concurrent $11.5 Mln Private Placement

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BRIEF-Pharma Two B Plans To Go Public Via Merger With Hepion Pharmaceuticals, Concurrent $11.5 Mln Private Placement

Jul 22, 2024 5:42 AM

July 22 (Reuters) - Hepion Pharmaceuticals Inc ( HEPA ):

* PHARMA TWO B ANNOUNCES PLANS TO GO PUBLIC VIA MERGER WITH

HEPION

PHARMACEUTICALS, INC. AND CONCURRENT $11.5 MILLION PRIVATE

PLACEMENT

* HEPION PHARMACEUTICALS INC ( HEPA ): CURRENT PHARMA TWO B

EQUITY-HOLDERS

WILL OWN ABOUT 85% OF COMBINED COMPANY

* HEPION PHARMACEUTICALS ( HEPA ) : CURRENT HEPION EQUITY-HOLDERS

WILL OWN

ABOUT 15% OF COMBINED COMPANY

* HEPION PHARMACEUTICALS ( HEPA )- ENTERED PURCHASE DEAL WITH

INSTITUTIONAL

INVESTORS FOR SALE OF $2.9 MILLION SENIOR UNSECURED NOTE

* HEPION PHARMACEUTICALS INC ( HEPA ): PROPOSED DEAL FOR $58.5

MILLION

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