Atai Life Sciences Announces Filing Of Early Warning Report
Portfolio Pulse from Benzinga Newsdesk
Atai Life Sciences AG (NASDAQ:ATAI) and IntelGenx Technologies Corp. have completed transactions related to a non-brokered offering of units. The transactions include amendments to a loan agreement and a subscription agreement, providing Atai with the ability to convert the principal and accrued interest into IntelGenx's common stock and the right to purchase additional units. Following the transactions, Atai would beneficially own or control approximately 63.4% of the issued and outstanding shares of IntelGenx.

October 10, 2023 | 12:08 pm
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POSITIVE IMPACT
Atai Life Sciences has increased its control over IntelGenx through transactions related to a non-brokered offering of units. This could potentially strengthen Atai's position in the market.
Atai Life Sciences has increased its stake in IntelGenx, which could potentially strengthen its position in the market. This could lead to a positive impact on Atai's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100