Cybin, a leading biotechnology company, has announced its acquisition of Small Pharma, an innovative U.K.-based company specializing in short-duration psychedelic therapies for mental health conditions. The transaction, an all-share deal, marks an exciting development in the field of mental health treatments.

Exchange Ratio and Consideration

As part of the agreement, Small Pharma shareholders will receive 0.2409 common shares of Cybin for each share of Small Pharma owned. Based on the closing price of Cybin on Friday, this translates to a consideration of 10 Canadian cents (7 U.S. cents) per Small Pharma Share, representing a significant premium of 43.64% based on the 30-day volume weighted average prices.

Shareholder Ownership

Following the transaction, the combined company will have Cybin shareholders holding 74.5% of the ownership, with Small Pharma securityholders owning 25.5%.

Leadership and Integration

Under the leadership of Doug Drysdale, Cybin's chief executive, the newly merged company will incorporate the expertise and talent of both organizations. Small Pharma's senior management and staff will seamlessly integrate with the existing Cybin team, ensuring a unified approach to driving progress in the field of mental health therapies.

Boeing Resuming 737 Max Sales to China

Retirement Savings Contributions Projected to Increase

Leave A Reply

Your email address will not be published. Required fields are marked *

Related posts

Long Positions in the U.S. Dollar: A Crowded Trade
News

Long Positions in the U.S. Dollar: A Crowded Trade

Long positions in the U.S. dollar are now considered the most crowded trade, raising concerns about the future of intere...

Stock Market Update
News

Stock Market Update

This article provides an update on the stock market movements, futures performance, commodity news, and previous trading...

French Industry Confidence on the Rise
News

French Industry Confidence on the Rise

French industry shows improved confidence with rising sentiment, potentially contributing to fourth-quarter GDP. Positiv...

Netherlands Pension Fund PFZW Sells Stakes in Oil Companies
News

Netherlands Pension Fund PFZW Sells Stakes in Oil Companies

Netherlands' PFZW pension fund divests $3.02 billion in stakes from Shell, BP, TotalEnergies over lack of progress in cl...