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0 -0.0424107142857144 -0.0424107142857144 -0.00223214285714281 -0.0401785714285716 0.00446428571428562 0.00446428571428562 -0.0267857142857143
Stock impact report

DPV set to acquire Lumos Pharma for $38m [Yahoo! Finance]

Lumos Pharma, Inc. (LUMO) 
Company Research Source: Yahoo! Finance
The transaction also includes a non-transferable contingent value right per share, payable upon the achievement of specified milestones. DPV will acquire Lumos Pharma's outstanding common stock shares for $4.25 per share payable in cash. The company will fund the transaction from its existing cash resources, with no financing condition attached. Lumos Pharma will continue as DPV's indirect wholly-owned subsidiary, operating as a standalone business from its headquarters in Austin, Texas. The transaction, expected to close before the end of 2024, is subject to conditions including the tender of a majority of the outstanding shares of Lumos Pharma's common stock. Officers, directors and shareholders holding 17.7% of Lumos Pharma's common stock have agreed to support the merger and tender their shares. In addition to the merger, Lumos Pharma has announced alignment with the US Food and Drug Administration (FDA) on the final Phase III study design for LUM-201, a treatment for Show less Read more
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