Psyence Biomedical Enters Agreement With Psyence Group For Acquisition Of 11.13% Stake In Privately-held PsyLabs For About $1.1M
Portfolio Pulse from Benzinga Newsdesk
Psyence Biomedical has agreed to acquire an 11.13% stake in PsyLabs from Psyence Group for $1.1 million, issuing shares at $0.55 each.
September 19, 2024 | 11:33 am
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Psyence Biomedical is acquiring an 11.13% stake in PsyLabs from Psyence Group for $1.1 million by issuing shares at $0.55 each.
The acquisition of a stake in PsyLabs could enhance Psyence Biomedical's portfolio and market position, potentially leading to positive investor sentiment and a short-term stock price increase.
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