Lucy Scientific Goes After Pasithea Therapeutics Common Shares For A '142% Premium' Deal
Portfolio Pulse from Lara Goldstein
Lucy Scientific Discovery (NASDAQ:LSDI) has proposed to acquire Pasithea Therapeutics Corp. (NASDAQ:KTTA) at a 142% premium, offering $0.60 in cash and $0.25 in Lucy stock for each Pasithea share. Pasithea's stock price has recently increased, and Lucy plans to explore strategic options for Pasithea's clinical development program.
June 05, 2023 | 10:01 pm
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POSITIVE IMPACT
Pasithea Therapeutics has received a proposal from Lucy Scientific Discovery to be acquired at a 142% premium, which could lead to a significant increase in its stock price.
The acquisition proposal from Lucy Scientific Discovery offers a significant premium to Pasithea Therapeutics' shareholders, which could lead to a substantial increase in its stock price. The recent increase in Pasithea's stock price may also indicate positive market sentiment towards the potential acquisition.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lucy Scientific Discovery proposes to acquire Pasithea Therapeutics at a 142% premium, which could potentially expand its business in the psychedelics space.
The acquisition of Pasithea Therapeutics would allow Lucy Scientific Discovery to expand its business in the psychedelics space and potentially increase its market share. The premium offered could make the deal more attractive to Pasithea's shareholders, increasing the likelihood of the acquisition being successful.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100