LAVA Reports Surpassing Minimum Requirement in Tender Offer and Plans to Withdraw from Nasdaq
Tender Offer Success: LAVA Therapeutics announced that approximately 87% of its outstanding common shares were validly tendered in the offer from XOMA Royalty, satisfying the minimum tender condition for the acquisition.
Subsequent Offering Period: A subsequent offering period has begun for LAVA shareholders who have not yet tendered their shares, which will end on November 20, 2025, with shares expected to be suspended from trading on Nasdaq shortly thereafter.
Voluntary Delisting: LAVA has notified Nasdaq of its intention to voluntarily delist its common shares, contingent upon the completion of the acquisition by XOMA Royalty.
Forward-Looking Statements: The press release includes cautionary notes regarding forward-looking statements, highlighting various risks and uncertainties that could affect the completion of the tender offer and LAVA's business operations.
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