Vertical Peak Completes Spin-Out Of Neural Therapeutics
Portfolio Pulse from Vuk Zdinjak
Vertical Peak Holdings Inc. (OTCPK:SPLIF) (CSE:MJMJ) has completed the spin-out of Neural Therapeutics Inc. through a plan of arrangement. Vertical Peak shareholders received their pro rata portion of Neural shares, and Neural issued 2 million common share purchase warrants to Vertical Peak.
May 26, 2023 | 2:11 pm
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Vertical Peak Holdings (OTCPK:SPLIF) completed the spin-out of Neural Therapeutics, with shareholders receiving their pro rata portion of Neural shares.
The spin-out of Neural Therapeutics is a significant event for Vertical Peak Holdings (OTCPK:SPLIF) shareholders, as they receive their pro rata portion of Neural shares. However, the short-term impact on the stock price is uncertain, as the market will need time to digest the news and assess the value of the newly spun-out company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100