Apollo Endosurgery and Lpath sign merger agreement
Posted September 13, 2016 by Mnacritique12
Lpath inc says under the agreement, lpath will issue new shares of its common stock or rights to acquire its common stock to apollo security holders.
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* Apollo endosurgery and lpath sign merger agreement
* Apollo security holders are expected to own approximately 95.8 percent of combined company
* Lpath inc says under agreement, lpath will issue new shares of its common stock or rights to acquire its common stock to apollo security holders
* Lpath security holders are expected to own approximately 4.2 percent of combined company
* Lpath inc says boards of directors of both lpath and apollo have unanimously approved transaction
* Concurrent with closing of merger, apollo's major investors have committed to invest approximately $29 million of new equity in combined company
Lpath inc says upon closing of transaction lpath will be renamed apollo endosurgery, inc
* Directors and executive officers of lpath will resign from their positions with lpath upon closing of proposed merger
* Corporate headquarters will be located in Austin, tx
* Directors of combined company is expected to consist of nine members all of whom will be designated by apollo Source text for Eikon: Further company coverage:
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| Contact Email | [email protected] |
| Issued By | M&A Critique |
| Country | India |
| Categories | Business , Health |
| Tags | apollo endosurgery , lpath , merger |
| Last Updated | September 13, 2016 |