Will amalgamation be a catalyst?In and of itself I'd say no. But it sets the stage.
Currently the market cap is just over $191,000,000
We need just under a $151,000,000 catalyst to get the market capitalization to the point where the intrinsic value of the warrants of the ($6.00) bought deal are close to having value.
In other words - for the warrants to get close to having any value would mean a MC of about $342,750,000....But that is based on the current number of shares outstanding, so the numbers are low by 15%..?
The terms of the IP dilution are likely built into the share price. At least we hope so.
The catalyst(s) will be the work that was done by Stern IR to advance Antibe's capital markets strategy (assuming they were effective), the groundwork that was being done by Antibe in large market partnering, and the work done by Antibe in preparing their pipeline expansion initiatives.
That's what we should expect to see after the announcement of the amalgamation.