NKGen Biotech Selected as Stalking Horse Bidder for NKMax
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NKGen Biotech has been selected as the stalking horse bidder for NKMax in its court-managed rehabilitation process in South Korea. NKGen's proposal includes up to $18 million in funding, and they have the right of first refusal on other offers. The final decision is expected in February 2025.
December 02, 2024 | 9:30 pm
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NKGen Biotech has been selected as the stalking horse bidder for NKMax's rehabilitation process, potentially leading to a majority equity stake in NKMax. This strategic move could enhance NKGen's market position.
NKGen's selection as the stalking horse bidder positions it to potentially acquire a majority stake in NKMax, which could strengthen its market position and future growth prospects. The committed funding and right of first refusal on other offers further solidify its strategic advantage.
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