Scancell Issuing 20.4M ADSs (204.1M Consideration Shares) Representing 13.7% Of Enlarged Share Capital; Neuphoria Stockholders To Also Receive CVRs Linked To Milestones
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Why It Matters
Scancell is creating 204 million new shares to buy Neuphoria, which makes the company bigger but spreads ownership thinner. When a company makes lots of new shares to buy another company, watch whether the combined business grows faster than expected.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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