CohBar, Inc. and Morphogenesis, Inc. Enter Into All-Stock Merger Agreement; Holders Of CohBar Common Stock Will Be Issued A Dividend Equal To ~3.3 Shares Of CohBar Common Stock
Portfolio Pulse from Benzinga Newsdesk
CohBar, Inc. and Morphogenesis, Inc. have entered into an all-stock merger agreement. CohBar common stockholders will be issued a dividend equal to approximately 3.3 shares of CohBar common stock. Pre-merger CohBar equityholders are expected to own 15% and pre-merger Morphogenesis equityholders 77% of the common stock of CohBar.
May 23, 2023 | 11:32 am
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CohBar, Inc. enters into an all-stock merger agreement with Morphogenesis, Inc. CohBar common stockholders will receive a dividend equal to approximately 3.3 shares of CohBar common stock.
The all-stock merger agreement between CohBar and Morphogenesis is expected to have a positive short-term impact on CohBar's stock price. The issuance of a dividend equal to approximately 3.3 shares of CohBar common stock for each holder will likely increase demand for the stock, driving up its price. Additionally, the merger could lead to potential synergies and growth opportunities for the combined company, further supporting the stock price.
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