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Bioasis Technologies Inc. V.BTI

Alternate Symbol(s):  BIOAF

Healthcare Biotechnology
Bioasis Technologies Inc. is a multi-asset rare and orphan disease biopharmaceutical company developing clinical stage programs based on epidermal growth factors and the xB3™ platform, a proprietary technology for the delivery of therapeutics across the blood brain barrier and the treatment of CNS disorders in areas of high unmet medical need. The in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.


TSXV:BTI - Post by User

Bioasis Technologies Inc. > Midatech at $1.0475
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Comment by KayakerBCon Dec 31, 2022 6:02pm
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Post# 35198714

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Midatech at $1.0475

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Midatech at $1.0475KBC (final question) Is this conversation formula fixed between now and the closing of the agreement? Or will there be a recalibration at some point?

I haven't found anything in the SEC docs that says the conversion will change.  That said, there is this from Edison.  I'm not sure quite WHAT is subject to change or HOW or where they got if from.

"....exchange ratio 0.9556 per Bioasis share. This translated to a deal value of c C$7.4m (c £4.4m) at the time of the announcement (at c 5.8p per Midatech share) but is subject to change based on share price movements...."

https://www.edisongroup.com/publication/announced-acquisition-to-expand-portfolio/31812/

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