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Mallinckrodt, Endo Complete Merger to Create Global, Scaled, Diversified Therapeutics Leader
Prnewswire· 2025-08-01 11:00
Core Insights - The merger between Mallinckrodt plc and Endo, Inc. aims to create a global leader in therapeutics, focusing on addressing unmet patient needs through a diversified portfolio of products [1][2][3] Company Overview - The combined entity will operate under the Par Health name for its generics and sterile injectables business, which is set to be spun off as an independent company by the fourth quarter of 2025 [4][6] - The new company will have a strong balance sheet and financial flexibility to invest in innovation and business development [2][3] Market Position and Growth Potential - The merged company is positioned to grow its branded portfolio across various therapeutic areas, including endocrinology, gastroenterology, and neurology, among others [3][4] - The generics and sterile injectables business boasts a broad product portfolio and robust infrastructure, enhancing its competitive edge in the market [4] Financial Synergies - The merger is expected to generate at least $150 million in annual pre-tax run-rate operating synergies by Year 3, with approximately $75 million in the first 12 months post-merger [5] Financial Terms of the Merger - Endo shareholders received $100 million in cash and own 49.9% of the combined company, while Mallinckrodt's pre-transaction shareholders own 50.1% [7] - A subsidiary of Mallinckrodt incurred a $1.35 billion secured credit facility to finance the transaction and pay off existing debts [8] Executive Leadership - Siggi Olafsson continues as President and CEO of the combined company, with Paul Efron serving as Board Chair [10]
Competition Commission of South Africa Approves the Offer by ASP Isotopes Inc. for Renergen Limited
Globenewswire· 2025-07-25 12:59
Core Viewpoint - ASP Isotopes Inc. has received approval from the Competition Commission of South Africa for its proposed acquisition of Renergen Limited, which is expected to create a global leader in the production of critical materials, including helium and isotopes [1][3]. Group 1: Acquisition Details - The acquisition of Renergen is subject to the fulfillment of certain conditions, including regulatory approvals, and is expected to become effective by the third quarter of 2025 [2]. - The combination of ASP Isotopes and Renergen aims to establish a vertically and horizontally integrated supply chain with significant synergies anticipated from 2026 [3]. Group 2: Financial Projections - The transaction is projected to be highly accretive to ASP Isotopes's revenue, EBITDA, earnings per share, and cash flow per share starting from 2026 [4]. - The combined group aims to generate over $300 million in EBITDA by 2030, driven by sales of isotopes, helium, and LNG in the South African energy market [4]. Group 3: Company Background - ASP Isotopes Inc. focuses on developing technology and processes for isotope production, employing proprietary Aerodynamic Separation Process technology [5]. - The company plans to enrich isotopes for various sectors, including healthcare, technology, and nuclear energy, with facilities located in Pretoria, South Africa [5][6]. Group 4: Market Demand - There is a growing demand for isotopes such as Silicon-28 and Molybdenum-100 for emerging healthcare applications and green energy solutions [6].
ESSA Pharma Inc. Provides Update on its Application to the Supreme Court of British Columbia for Approval of an Interim Order and Cash Distribution to Shareholders
Prnewswire· 2025-07-23 20:51
Core Viewpoint - ESSA Pharma Inc. is moving forward with a business combination agreement with XenoTherapeutics, intending to apply for court orders to facilitate a cash distribution to shareholders prior to the transaction's closing [1][2]. Group 1: Transaction Details - The business combination involves Xeno acquiring all issued and outstanding common shares of ESSA [1]. - ESSA plans to apply for an interim order to hold a special meeting for transaction approval and a distribution order for an initial cash distribution to shareholders [1][2]. - If authorized, each ESSA shareholder is estimated to receive approximately US$1.91 per common share, excluding any contingent value rights payments [2]. Group 2: Court Hearing Information - The hearing for the court orders is scheduled for August 5, 2025, at 9:45 a.m. Pacific time at the Supreme Court of British Columbia [3]. - Individuals affected by the orders may present evidence or arguments at the hearing [4]. Group 3: Filing and Response Requirements - ESSA intends to file its Petition Record on July 31, 2025, one business day before the hearing [5]. - Response materials must be submitted to ESSA's counsel by 1:00 p.m. on July 31, 2025, to be included in the Petition Record [5]. Group 4: Company Background - ESSA Pharma Inc. is a pharmaceutical company focused on developing novel therapies for prostate cancer treatment [6].
Mesa Air Group Files Registration Statement on Form S-4 and S-1 in Connection with Proposed Merger with Republic Airways Holdings Inc.
Globenewswire· 2025-07-23 11:00
Company Overview - Mesa Air Group, Inc. is headquartered in Phoenix, Arizona and operates as a regional air carrier providing scheduled passenger service to 82 cities across 32 states, the District of Columbia, Cuba, and Mexico [3] - As of March 31, 2025, Mesa operated a fleet of 60 aircraft with approximately 238 daily departures and employed around 1,650 individuals [3] - All flights are operated as United Express under a capacity purchase agreement with United Airlines [3] Merger Announcement - Mesa Air Group filed a registration statement on Form S-4 and S-1 with the U.S. Securities and Exchange Commission on July 10, 2025, regarding a proposed merger with Republic Airways Holdings Inc. [1] - The registration statement includes a proxy statement and preliminary prospectus, which will be mailed to Mesa stockholders once declared effective by the SEC [1][7] - The registration statement has not yet become effective, and the information contained is subject to change [2][6]
Yorkville Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about July 25, 2025
Globenewswire· 2025-07-21 20:45
Company Overview - Yorkville Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aimed at effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [4] - The company has not selected any specific business combination target and has not engaged in substantive discussions with any potential targets [4] - The company intends to focus its search for business combinations at the intersection of media, technology, and entertainment [4] Recent Developments - The company announced that holders of the units sold in its initial public offering of 17,250,000 units, including 2,250,000 units from the underwriters' overallotment option, may elect to separately trade the Class A ordinary shares and warrants starting on or about July 25, 2025 [1] - Units that are not separated will continue to trade on The Nasdaq Global Market under the symbol "YORKU," while the Class A ordinary shares and warrants will trade under the symbols "YORK" and "YORKW," respectively [1] - A registration statement relating to the securities was declared effective on June 26, 2025, in accordance with Section 8(a) of the Securities Act of 1933 [2]
Isdera Group Limited Announces Entering into a Merger Agreement with UY Scuti Acquisition Corp.
Prnewswire· 2025-07-21 19:10
Core Viewpoint - Isdera Group Limited is set to become the parent company of Xinghui Automotive Technology through a merger with UY Scuti Acquisition Corp, aiming to enhance its position in the ultra-luxury supercar market [1][2][3] Company Overview - Isdera Group is an industrial automotive enterprise headquartered in China, focusing on the ultra-luxury supercar segment by revitalizing the iconic German marque ISDERA, known for handcrafted performance vehicles [3][9] - The company is expanding into both combustion-engine and electric supercar segments, leveraging its design and R&D capabilities [3] Transaction Details - The merger involves UY Scuti Acquisition Corp merging with Isdera Inc, a new subsidiary, while Isdera Technology Limited will merge with Isdera Group, resulting in Isdera Group becoming a wholly owned subsidiary of Isdera Inc [2][4] - Upon completion, Isdera Inc will be publicly listed on Nasdaq under a new ticker symbol, with shareholders of Isdera Group receiving ordinary shares of Isdera Inc [4][5] Key Transaction Terms - The transaction has been unanimously approved by the boards of both UYSC and Isdera Group Limited, but is subject to regulatory approvals and shareholder votes [5] - Certain shareholders of Isdera Group will be subject to lock-up agreements for 180 days post-transaction [4] Advisors - Legal advisors for Isdera Group include Torres & Zheng at Law, P.C., JunHe LLP, and Harney Westwood & Riegels, while UYSC is advised by Becker & Poliakoff P.A., Beijing Dacheng (Shanghai) Law Offices, LLP, and Appleby [7]
HCM II Acquisition Corp. and Terrestrial Energy Announce Filing of Draft Registration Statement on Form S-4 with the SEC
Globenewswire· 2025-07-18 11:30
Core Viewpoint - HCM II Acquisition Corp. and Terrestrial Energy Inc. are moving forward with a proposed business combination, which will lead to the listing of the combined company on Nasdaq under the ticker symbol "IMSR" [3][6]. Company Overview - HCM II Acquisition Corp. is a special-purpose acquisition company (SPAC) focused on merging with established businesses poised for growth [8]. - Terrestrial Energy Inc. is developing small modular nuclear plants utilizing proprietary Generation IV Integral Molten Salt Reactor (IMSR) technology, aimed at providing clean and flexible energy solutions [4][7]. Business Combination Details - The business combination agreement was entered into on March 26, 2025, and is subject to stockholder approval and SEC clearance [3]. - The registration statement filed with the SEC includes a preliminary proxy statement/prospectus related to the business combination [2][11]. Financial Aspects - The transaction is expected to generate approximately $280 million in gross proceeds, including $50 million from common stock PIPE commitments and about $230 million from HCM II's trust account [5]. - Proceeds will be allocated to accelerate the commercial deployment of Terrestrial Energy's IMSR technology and cover transaction expenses [5]. Timeline - The completion of the proposed business combination is anticipated in the third or fourth quarter of 2025 [6].
Press Release: Sanofi announces extension of Blueprint tender offer
Globenewswire· 2025-07-17 05:00
Core Points - Sanofi has extended its tender offer to acquire all outstanding shares of Blueprint Medicines Corporation at a price of $129.00 per share in cash, plus contingent rights for additional payments of up to $6.00 per share based on specified milestones [1][2] - The expiration date for the tender offer has been moved to 17:00 EDST on July 17, 2025, from the previous date of July 16, 2025 [2] - As of July 16, 2025, approximately 29,742,419 shares, or 45.85% of Blueprint's total outstanding shares, have been validly tendered, with an additional 23,400,152 shares tendered by notice of guaranteed delivery, representing 36.08% of the outstanding shares [3] Offer Details - The tender offer is subject to conditions outlined in the offer to purchase, including the requirement for a majority of Blueprint's outstanding shares to be tendered [5] - The offer is being managed by Rothko Merger Sub, Inc., a wholly owned subsidiary of Sanofi, and Innisfree M&A Incorporated is acting as the information agent for the offer [4][6] Company Background - Sanofi is a research and development-driven biopharmaceutical company focused on improving lives through innovative medicines and vaccines, leveraging its understanding of the immune system [7]
Helix Acquisition Corp. II and BridgeBio Oncology Therapeutics Announce Effectiveness of Registration Statement for Proposed Business Combination
Globenewswire· 2025-07-11 11:43
Core Viewpoint - Helix Acquisition Corp. II is set to hold an extraordinary general meeting on August 4, 2025, to discuss the business combination with TheRas, Inc. (BridgeBio Oncology Therapeutics), following the SEC's declaration of the registration statement as effective [1][2][3]. Company Overview - Helix Acquisition Corp. II is a special purpose acquisition company (SPAC) that raised $184 million in its initial public offering on February 9, 2024, and is sponsored by Cormorant Asset Management [5]. - TheRas, Inc. (BridgeBio Oncology Therapeutics) is a clinical-stage biopharmaceutical company focused on developing novel small molecule therapeutics targeting RAS and PI3Kα malignancies [4]. Business Combination Details - The business combination agreement was finalized on February 28, 2025, and is subject to various conditions before closing [6]. - Upon completion of the transaction, the company will be renamed "BridgeBio Oncology Therapeutics" [6]. - The proxy statement/prospectus will be mailed to Helix's shareholders of record as of June 30, 2025, for their consideration [2][6].
VEON and Cohen Circle Secure Investor Commitments for Kyivstar Listing
Globenewswire· 2025-07-10 20:15
Core Viewpoint - VEON Ltd. and Cohen Circle Acquisition Corp. I have executed non-redemption agreements totaling approximately USD 52.3 million, securing the minimum cash condition for the proposed business combination with Kyivstar Group, which is expected to be listed on Nasdaq under the ticker symbol "KYIV" [1][2]. Group 1: Business Combination Details - The closing of the business combination is anticipated in the third quarter of 2025, pending shareholder approval and customary closing conditions [2]. - The business combination will mark Kyivstar Group as the first pure-play Ukrainian company to be publicly listed on a U.S. stock exchange [2]. - Cohen Circle's units, Class A ordinary shares, and warrants are listed on Nasdaq under the ticker symbols "CCIRU," "CCIR," and "CCIRW" respectively [2]. Group 2: Kyivstar Group Overview - Kyivstar Group is Ukraine's leading digital operator, serving over 23 million mobile customers and more than 1.1 million home internet fixed line customers as of December 31, 2024 [3]. - The company provides a wide range of services, including 4G, big data, cloud solutions, cybersecurity, and digital TV [3]. - VEON and Kyivstar Group plan to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, and charitable donations [3]. Group 3: VEON Overview - VEON operates as a digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries [4]. - The company aims to transform lives through technology-driven services that empower individuals and stimulate economic growth [4]. Group 4: Cohen Circle Overview - Cohen Circle Acquisition Corp. I is a special purpose acquisition company formed to effect a merger or similar business combination with technology and/or financial services businesses [5]. - The company’s units, Class A ordinary shares, and warrants are also listed on Nasdaq under the symbols "CCIRU," "CCIR," and "CCIRW" respectively [5].