CORRECTION: Moonshot Client Axolotl Announces Merger with Carmell Therapeutics; Axolotl's Shareholders To Receive $65M In CTCX Stock Upon Closing; Gain Up To $75M In Potential Milestone Equity Payments
Portfolio Pulse from Bill Haddad
Axolotl, a client of Moonshot, has announced a merger with Carmell Therapeutics. Upon closing, Axolotl's shareholders will receive $65M in CTCX stock and could gain up to $75M in potential milestone equity payments.
September 12, 2023 | 4:47 pm
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Carmell Therapeutics (CTCX) is merging with Axolotl. Axolotl's shareholders will receive $65M in CTCX stock, with potential for an additional $75M in milestone equity payments.
The merger between Carmell Therapeutics and Axolotl could potentially impact CTCX's stock price. The distribution of $65M in CTCX stock to Axolotl's shareholders could lead to increased trading volume. However, the direction of the price movement will depend on the market's perception of the merger's value.
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